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Behind China’s largest anti-monopoly fine and Hitachi’s voluntary surrender

On August 20 China’s National Development and Reform Commission (NDRC) ordered eight Japanese auto parts and four bearing makers to pay an unprecedented ¥1.24 billion ($201 million) in fines, the largest since China’s Anti-Monopoly Law came into effect in 2008. A source close to the government told China Business News

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China fines 12 Japanese suppliers £¤1.24 billion for price fixing

BEIJING – The National Development and Reform Commission (NDRC), China’s anti-monopoly regulator, announced on August 20 to fine 12 Japanese automobile parts and bearings makers a total of ¥1.24 billion ($201 million) for price fixing. The NDRC said that it has found the Japanese parts suppliers including Hitachi, Denso, Aisan,

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Capital swarms into China’s automotive aftermarket

Driven by huge profits, more than 50 foreign automotive services suppliers have entered China’s automotive aftermarket, including Denso Corp., Delphi Corp., 3M Co. and Royal Dutch Shell, according to a report on Information Times. Bosch has set up more than 500 automobile repair and maintenance shops in China. Yellow Hat,

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Toyota Industries and DENSO establish automotive air-conditioning compressor manufacturing company in China

KARIYA (Japan) - Toyota Industries Corporation (TICO) and DENSO Corporation (DENSO) have established a new company, Yantai Shougang TD Automotive Compressor Co., Ltd. (YST), in Yantai City, Shandong Province, People's Republic of China, for the manufacture of automotive air-conditioning compressors in response to the growing

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Europe’s suppliers cope as automakers release grim 2012 sales results

By IHS Supplier Business A leaner, more diversified supply base has made sure it will not see the same issues as four years ago This last week has seen a raft of negative results from European automakers, with sales in decline and the massive question of overcapacity still lingering large.

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