Yazaki Corporation was fined $30 million after pleading guilty to rigging bids for wire harnesses supplied to Honda and Toyota for the 2005.5 Honda Ridgeline, 2006 Honda Civic and 2006 Toyota Corolla/Matrix models. The volume of commerce affected in Canada was about US $260 million. This is the largest fine ever to be ordered for bid-rigging in Canada. It eclipses the previous record, which was set only one week before, when Furukawa Electric was fined $5 million for rigging bids for electrical boxes, such as fuse boxes, relay boxes and junction blocks, sold to Honda between 2000 and 2010, for the ... [more] Full article