Japanese auto parts manufacturer Mitsubishi Electric has been fined $13.4 million after pleading guilty to participating in illegal agreements with industry competitors to determine who would win certain calls for bids issued by Honda and Ford for the supply of alternators, and by General Motors for the supply of ignition coils. Mitsubishi Electric’s fine is now the second largest ever imposed for bid rigging in Canada, bringing the total fines ordered in the auto parts investigation to over $84 million. The auto parts investigation is the largest ever international antitrust investigation. Antitrust authorities in a number of countries, including the United States, the ... [more] Full article