Mexican Media Brands
China Fines NSK, NTN for Violating Anti-Monopoly Rules
China's National Development and Reform Commission has levied fines of 2.9 billion yen ($28 million) against NSK Ltd. and 1.9 billion yen ($18 million) against NTN Corp. for overcharging customers for its automotive bearings.
#regulations
Share
China's National Development and Reform Commission has levied fines of 2.9 billion yen ($28 million) against NSK Ltd. and 1.9 billion yen ($18 million) against NTN Corp. for overcharging customers for its automotive bearings.
The levies are the latest in a continuing list of carmakers and suppliers found guilty of violating China's 6-year-old anti-monopoly laws. More announcements are expected this week.
In March antitrust European Union antitrust authorities fined NTN and NSK $268 million and $83 million, respectively, for fixing prices on bearings. NSK Also was fined $68 million by the U.S. Dept. of Justice for rigging prices.
RELATED CONTENT
-
Self-Driving Chevy Bolt Ticketed for Driving Too Close to Pedestrian
Police in San Francisco ticketed the backup driver in a self-driving Chevrolet Bolt for allowing the car to drive too close to a pedestrian in a crosswalk in San Francisco.
-
Bill on Self-Driving Cars Stalls in Senate
Congressional efforts to make it easier to develop self-driving cars in the U.S. have stalled in the Senate despite strong bipartisan support.
-
Safety & Autonomy
Autonomous vehicles are either right around the corner or years away, but the effect they have on vehicle safety depends a lot on getting everything right.