Violation Tracker Individual Record

Company: 
Toyo Tire & Rubber Co. Ltd.
Current Parent Company: 
Toyo Tire & Rubber
Penalty: 
$120,000,000
Year: 
2013
Date: 
November 26, 2013
Primary Offense: 
price-fixing or anti-competitive practices
Violation Description: 

Toyo Tire & Rubber Co. Ltd. agreed to plead guilty and to pay a $120 million criminal fine for its role in two separate conspiracies to fix the prices of automotive components involving anti-vibration rubber and driveshaft parts installed in cars sold in the United States and elsewhere.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Justice Department Antitrust Division
Civil or Criminal Case: 
criminal
HQ Country of Parent: 
Japan
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
automotive parts
Specific Industry of Parent: 
automotive parts-tires
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.