News
Ontario court levies $13M bid rigging fine on Showa

Apr. 1, 2016 – Showa, a supplier of electric power steering gears, has been fined $13 million by an Ontario court after the Japanese auto parts company pleaded guilty to one count of bid rigging, according to The Canadian Press.

Canada’s Competition Bureau says the fine was the second largest ordered by a court in Canada for a bid-rigging offence, noting that Showa had a secret, illegal arrangement with another supplier for Honda cars manufactured in Canada.

The largest fine to date under the bureau‘s campaign was $30 million levied in 2013 on Yazaki Corp. for rigging bids on wire harnesses for Honda and Toyota.