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Kayaba, Sumitomo to pay millions for price-fixing in US

Kayaba Industry Co, which does business in the US as suspension parts maker KYB, and Sumitomo Electric Industries are facing payments in the millions to settle price-fixing cases about the components that they make. As part of the Department of Justice's ongoing crackdown of price fixing in the auto industry, KYB agreed to pay $62 million and pleaded guilty to conspiracy to set the cost of shock absorbers from the mid '90s through 2012. The company allegedly worked with co-conspirators to keep the cost of the parts high, and those components then made it into vehicles from Honda, Kawasaki, Nissan, Subaru, Suzuki, and Toyota. "Any collusive agreement among competitors to restrict price competition undercuts our free enterprise system and violates the law," said Carter M. Stewart, US Attorney of the Southern District of Ohio, in the DoJ's announcement. Over the past few years, the DoJ has brought cases against 37 parts suppliers and 55 executives, leading to over $2.6 billion in fines. The investigations haven't always been so successful – some of the Japanese execs fled from the US to avoid prosecution. Critics allege that price fixing is simply how business is done. According to Automotive News, Sumitomo Electric Industries is also facing a $50 million settlement in a civil lawsuit that's related to price fixing of parts like wiring harnesses and heater control panels. The plaintiffs include owners and dealers that purchased vehicles with these parts. The company asserts that the violations are from before 2010, and it now has different process in place to avoid further violations. KYB Agrees to Plead Guilty and Pay $62 Million Criminal Fine for Fixing Price of Shock Absorbers Kayaba Industry Co. Ltd., dba KYB Corporation (KYB) has agreed to plead guilty and to pay a $62 million criminal fine for its role in a conspiracy to fix the price of shock absorbers installed in cars and motorcycles sold to U.S. consumers. According to charges filed today, KYB conspired from the mid-1990s until 2012 to fix the prices of shock absorbers sold to Fuji Heavy Industries Ltd. (manufacturer of Subaru vehicles), Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Nissan Motor Company Ltd., Suzuki Motor Corporation and Toyota Motor Company, including their subsidiaries in the United States.

Autoblog Podcast #406

Episode #406 of the Autoblog Podcast is here, and this week, Dan Roth, Brandon Turkus, and Chris Bruce talk about the Mustang Shelby GT 350, the Los Angeles Auto Show, and the Volkswagen Golf winning Motor Trend Car of the Year honors. We start with what's in the Autoblog Garage and finish up with some of your questions, and for those of you who hung with us live on our UStream channel, thanks for taking the time. Check out the rundown below with times for topics, and you can follow along down below with our Q&A. Thanks for listening! Autoblog Podcast #406: The video meant to be presented here is no longer available. Sorry for the inconvenience. Topics: Ford Shelby GT350 LA Auto Show Volkswagen Golf wins Motor Trend COTY In The Autoblog Garage: 2015 Ford Fiesta SFE 2015 Honda CR-V 2015 Audi Q3 Hosts: Dan Roth, Brandon Turkus, Chris Bruce Runtime: 01:26:07 Rundown: Intro and Garage - 00:00 Ford Mustang Shelby GT350 - 29:21 LA Auto Show - 40:36 Golf is Motor Trend COTY - 53:50 Q&A - 01:00:42 Get the podcast: [UStream] Listen live on Mondays at 10 PM Eastern at UStream [iTunes] Subscribe to the Autoblog Podcast in iTunes [RSS] Add the Autoblog Podcast feed to your RSS aggregator [MP3] Download the MP3 directly Feedback: Email: Podcast at Autoblog dot com Review the show in iTunes

Honda museum opens at company HQ in SoCal, first public day is next month

You don't see too many ordinary cars in automotive museums, and it makes sense. Rare luxury models, iconic muscle cars and obviously collectible vehicles are far more likely to get preserved and find themselves parked upon a climate-controlled pedestal someday. And yet, even if they may not be as collectible, everyday cars typically strike a stronger emotional and nostalgic chord in all of us. They firmly recall a specific time in our lives; what we were doing and where we were. Even if we never owned the car in question, ordinary cars were bound contribute to the overall landscape of your world.  Which is why finding a museum devoted to ordinary cars such a treat. Now, "ordinary" can have negative connotations, so perhaps "ubiquitous" is better to describe what you'll find in the new American Honda Collection Hall at the company's headquarters in Torrance, Calif. As you can see in the gallery above, there are pristine examples of the Hondas we grew up in, learned to drive in, brought us to college ... and those are just my own personal examples. Of course, there are also decidedly less ordinary examples such as the S2000 CR, Civic Type-R Limited Edition and Acura NSX, but apart from perhaps the latter, it would be rare for you to see such "Radwood-era" cars in a museum. You can also see some of the cars we've actually had the chance to review here on Autoblog: the 1999 Honda Prelude, the 1999 Honda Civic Si, the 1985 Honda CRX Si, and a handful of others.  According to Carl Pulley, who is the steward of the collection, the cars on display are just a taste of what is actually available since space was limited within the Collection Hall that's adjacent to HQ's primary lobby. He'll be able to swap different cars in or adopt a theme such as prominent examples from Honda's motorsports endeavors. Indeed, it isn't just Honda and Acura road cars -- we're just focusing on those because, you know, Autoblog. There are race cars, noteworthy motorcycles and even power equipment such as marine engines, generators and weed whackers.  While most car companies have a collection stored someplace, this one will actually be open to the public on a limited but regular basis. There will be scheduled "Cars, Bikes & Coffee" events hosted at the Collection Hall where people are invited to drive or ride their own piece of Honda history (all makes and eras are still welcome) to show off in Honda HQ's vast parking lot and come inside to check out the Collection Hall.