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Japan Exchange
02:00:00 2024-06-17 am EDT
5-day change
1st Jan Change
2,066
JPY
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-4.57%
-5.01%
TOKAI RIKA : EU fines five car airbag, seatbelt suppliers over cartel
November 22, 2017 at 06:13 am EST
BRUSSELS (Reuters) - EU antitrust regulators fined five car safety equipment makers a total of 34 million euros ($40.0 million) on Wednesday for taking part in cartels to fix prices for seatbelts, airbags and steering wheels to Japanese carmakers.
The Commission, which oversees competition policy in the European Union, said it had identified that four separate cartels in which suppliers to Toyota (>> Toyota Motor Corp ) , Suzuki (>> Suzuki Motor Corp ) and Honda (>> Honda Motor Co Ltd ) coordinated over prices and markets and exchanged sensitive information between 2004 and 2010.
Tokai Rika (>> TOKAI RIKA CO., LTD. ) was fined 1.8 million euros, Takata 12.7 million euros, Autoliv (>> Autoliv Inc. ) 8.1 million euros, Toyoda Gosei (>> TOYODA GOSEI CO., LTD. ) 11.3 million euros and Marutaka 156,000 euros.
($1 = 0.8508 euros)
(Reporting by Philip Blenkinsop)
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22-03-21
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CI
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RE
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CI
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17-11-22
RE
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17-05-14
CI
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16-11-17
CI
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16-02-09
CI
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15-08-12
CI
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15-04-29
CI
NSK : Executives of NSK Ltd, Jtekt Corp indicted for price-fixing - U.S.govt
14-11-14
RE
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14-07-31
CI
Tokai Rika Announces Earnings Results for the Year Ended March 31, 2014; Provides Earnings Guidance for the Fiscal Year Ending in March 2015
14-04-24
CI
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13-11-26
RE
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13-11-21
RE
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13-10-30
CI
TOYOTA MOTOR CORPORATION : Panasonic Automotive executive indicted for price-fixing
13-09-24
RE
Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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TOKAI RIKA CO., LTD. is mainly engaged in the manufacture and sale of automobile parts. The Company provides automobile field products including switches, seatbelts, key locks, shift levers, automobile mirrors, steering wheels and decorations, as well as non-vehicle field products including entrance immobilizers, window lock monitoring systems and others.
More about the company
Last Close Price
2,114
JPY
Average target price
2,500
JPY
Spread / Average Target
+18.26%
Consensus
1st Jan change
Capi.
-5.01% 1.14B +10.06% 44.52B -21.65% 19.13B +9.82% 18.29B +24.90% 16.34B +0.42% 15.48B +71.18% 14.16B +41.97% 13.07B -25.95% 12.12B -28.50% 11.77B
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