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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.

2015 Subaru WRX STI headed for Detroit, more WRX details leaked

The debuts of the 2015 Subaru WRX and the Legacy Concept at the Los Angeles Auto Show next week are kind of hogging the Subaru spotlight, making it easy to forget that there is a more potent, more aggressive version of the small sedan waiting in the wings. And based on a rumor from Australia, we'll see the sportier WRX STI at the Detroit Auto Show in January.
The report comes from Motoring in Australia, which claims that a more potent version of the WRX will make its debut in the Motor City, and that it will do so with an even 300 horsepower (five fewer than the current STI) and 290 pound-feet of torque (identical to the current car). Aside from the more potent 2.5-liter turbocharged flat four, the STI should boast the regular spread of aesthetic upgrades and suspension, brake, chassis and transmission tweaks.
The standard all-wheel-drive WRX will sprint to 60 mph in 5.4 seconds.

Subaru teases new Viziv Tourer concept ahead of Geneva

Subaru has released a teaser image of the Viziv Tourer concept due to be shown at Geneva next month. The name Viziv, which in Subaru concept car speak means "Vision for Innovation," has been tacked on quite a few concepts in recent years, including the Viziv Performance and Performance STI shown in Tokyo. Those offered a glimpse of what the upcoming new WRX and WRX STI could look like, and the Tourer version could then well prepare us for a new longer-roof WRX (or the next-generation Levorg that other markets get). The current car has been with us from 2016, meaning the next-generation car could hit production in 2020. The structure underpinning the next generation car would be the Subaru Global Platform, which debuted with the current-generation Impreza. The Tourer's design language teased with this shot matches the sharp detailing of the Viziv Performance STI seen at the Tokyo Auto Salon, including the taillights. We would expect the front to be a dead ringer, too. The WRX has been with us for over half of Subaru's 50-year history, and it's definitely a core part of the brand's aesthetic. "Pretty" hasn't always been the word that would best define every single WRX generation, but they have always been distinctly Subaru — the five-door variants included. Here's hoping the Tourer makes for a good-looking production car. Related Video: News Source: Subaru Geneva Motor Show Subaru Wagon Concept Cars Future Vehicles Performance 2018 Geneva Motor Show subaru levorg