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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.

Drive-up bank robbery perpetrated with Cayenne and WRX

Thieves carried out what appears to be a movie-script-perfect robbery of a bank in Sydney, Australia early on Friday morning, using two stolen high-performance vehicles in the process.
At around 11:15 AM local time, in near mid-day light, reports say that two men in masks smashed into the side of a Westpac bank in a confirmed-stolen black Porsche Cayenne. The perpetrators were armed with sledgehammers according to witness reports, and took only about five minutes to take what they were after inside of the bank.
The rapid getaway was executed in a Subaru WRX, also confirmed as a stolen vehicle, while witnesses snapped camera phone images of the illicit goings on. One Twitter user posted a few of the images to his social media feed; you can take a look at them in our small gallery below. Follow on down for the full video report, from The Sydney Morning Herald.

2019 Subaru Legacy, Outback cost more, but get more features

As with the Subaru Impreza, the 2019 Subaru Legacy and 2019 Subaru Outback are seeing price increases for the new model year. The starting price for the base model Legacy 2.5i starts at $23,430, an increase of $375 over the 2018 model. The Outback's starting price of $27,320 is up by $510. These prices are listed with destination charges included. The higher trim levels mostly creep up as well, with the exception of the Legacy 3.6R Limited and Outback 3.6R Limited, which have both dropped in price slightly. The full list of price changes can be seen in the table below. Although prices have gone up, Subaru compensates a bit by now including EyeSight on every single version of the Legacy and Outback, including the base trims. EyeSight includes a suite of driver safety aids such as automatic forward emergency braking, adaptive cruise control, lane-departure warning and lane-keeping assist. On the previous 2018 model Legacy, EyeSight was not available on the standard model, and was an option on all other trims. On the 2018 Outback, EyeSight was only standard on the 2.5i Touring and 3.6R Touring, and was an option for Premium, Limited and 3.6R Limited. It wasn't available at all on the base 2.5i. The 2019 Legacy 2.5i Sport also picks up blind-spot warning and rear cross-traffic alert as standard features. Both the Legacy and Outback see a few little interior tweaks, too. All models now get an instrument panel that includes a 5-inch LCD display. The 2.5i trim gets extra lighting and a pair of front USB ports, and Premium and Limited trims get a standard auto-dimming mirror with compass and Homelink garage door opening button. These 2019 Legacy and Outback vehicles will be arriving on dealer lots over the summer, so they should be there soon if not already. Subaru Legacy 2018 2019 2.5i $23,055 $23,430 2.5i Premium $25,155 $25,580 2.5i Sport $27,205 $27,680 2.5i Limited $29,955 $30,130 3.6R Limited $32,805 $32,430 Subaru Outback 2.5i $26,810 $27,320 2.5i Premium $28,910 $29,420 2.5i Limited $33,610 $33,820 2.5i Touring $37,405 $37,770 3.6R Limited $36,310 $35,970 3.6R Touring $39,605 $39,970 Related Video: