2014 Honda Accord Sport on 2040-cars

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Japanese spark plug giant NGK pleads guilty to price fixing, to pay $52M fine

The ongoing investigation by the Department of Justice into price fixing in the automotive industry has nabbed one more company breaking the law. Japanese parts giant NGK Spark Plug Company agreed to plead guilty to a felony count of pricing fixing and bid rigging in the in the US District Court in Detroit. Its punishment is a $52.1 million criminal fine and to continue to cooperate with the DOJ's sleuthing into the problem.
According to the DOJ, NGK conspired to fix prices on spark plugs, standard oxygen sensors, and air fuel ratio sensors on vehicles from major automakers in the US, including the former DaimlerChrysler, Honda and Toyota, in a scheme that ran from at least January 2000 to July 2011. The charge claimed that the company and its co-conspirators held meetings where they agreed on bids and price quotes that were submitted to the automakers.
With the latest plea, the DOJ has caught 28 companies and 26 executives for price-fixing and bid rigging in the auto parts industry, and they have collected $2.4 billion in criminal fines. In 2013, the feds brought nine Japanese suppliers down at once, to collect $740 million. Scroll down to read the DOJ's complete announcement of the case.

2016 Honda HR-V: Long-Term Introduction

From the moment we first drove Honda's new HR-V, it was clear that this car would be a hit in the now-booming small crossover segment. Through October of this year, Honda moved 33,727 examples of its new HR-V, and last month alone, the CUV outsold its platform-mate Fit nearly three-and-a-half times over. Considering its importance not only for the segment, but for Honda as a brand, we knew a longer test of the cute little HR-V was in order. Enter our latest addition to the Autoblog long-term fleet, a mid-level HR-V EX with all-wheel drive. We chose EX because it's the volume model, representing the majority of the cars out on the road. Even so, it's incredibly well-equipped with 17-inch wheels, heated seats, a seven-inch infotainment system (that lacks navigation on this model), tinted windows, a sunroof, foglamps, a standard array of tech features, Honda's Lane Watch camera system, and more. Adding all-wheel drive was a no-brainer, considering Autoblog's headquarters in snowy metro Detroit, though this meant being forced to live with the continuously variable transmission. (Front-wheel-drive HR-Vs can be had with a pleasant six-speed manual.) Our car features the light cloth interior, and we'll be interested to see how it holds up over the course of a year. All in, the Alabaster Silver Metallic car you see here stickers for $24,115. All in, the Alabaster Silver Metallic car you see here stickers for $24,115, including $900 for destination. That means the HR-V is the least-expensive car we've ever had in the long-term fleet. Every HR-V comes with one powertrain: a 1.8-liter, naturally-aspirated inline-four, good for 141 horsepower and 127 pound-feet of torque. That's adequate considering the 3,094-pound curb weight, and allows the HR-V to return EPA-estimated fuel economy ratings of 27 miles per gallon city and 32 mpg highway. Our car arrived with only 130 miles on the odometer, so we're going to let the engine fully break in before we start tracking our observed fuel economy data. That said, the HR-V has been a hot commodity in the Autoblog fleet ever since its arrival. In its first week on the job alone, the Honda handled a road trip to northern Michigan and helped one of our staffers move. (The Magic Seats and 55.9 cubic-feet of cargo space are fantastic, by the way – more on that in a future update.) "Control layout is a lot simpler than other recent Hondas.

As US exports top 2 million, is America becoming the world's source of cheap cars?

North American auto production is booming with 2014 figures just shy of the of the 17.3-million vehicle record set in 2000. With more models being built on the continent, even more are being shipped overseas. Factories in the US exported 2.1 million cars last year – the highest number ever. About half of those went to Canada and Mexico, but more than ever have been heading to places like the Middle East and China. The upswing comes in part from from after-effects from the Great Recession, according to The Wall Street Journal. With a weak dollar and lower production costs after the financial crisis, building vehicles in the US was relatively cheaper and more competitive in the world. At the same time buyers around the world are going crazy for crossovers. According to the WSJ, BMW and Mercedes-Benz are already exporting the majority of their US production of these models overseas. Both automakers have also announced investments to expand production further here to send more vehicles abroad. Even Honda has been shipping more models out of the country than it imported here. There is a concern this international strength could start slowing because the dollar is strengthening against other currencies, though it's too early to know what the actual effect of this could be, according to the WSJ. "Of course, we closely watch currency exchange, but we don't make changes in production or allocation based on temporary fluctuations in the exchange rate," Ford North American boss Joe Hinrichs told the newspaper. Related Video: News Source: The Wall Street Journal - sub. req.Image Credit: BMW Plants/Manufacturing BMW Ford Honda Mercedes-Benz exports us auto production