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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.

2020 Subaru Ascent Review & Buying Guide | A family adventure

The 2020 Subaru Ascent is a full-size, three-row crossover that caters to the Subaru faithful, while welcoming new customers whose larger families might have precluded them from something with just two rows. It looks a lot like a bigger version of the Outback, and, like it, seeks to satisfy active, outdoorsy, dog-loving customers wanting something to take them to off-the-beaten-path places to play with standard all-wheel drive, ample ground clearance and sturdy, functional roof rails. Subaru even went so far as to introduce the Ascent with a pack of eight golden retrievers to prove the point to dog owners. So whether you’re heading to the ski hill, campground or taking the kids to soccer practice, the 2020 Ascent offers a practical, capable, no-frills way to get people — and pets — where they need to be. While itÂ’s not our favorite three-row crossover in this segment, itÂ’s near the top, and it could be the perfect vehicle for a wide variety of customers. ItÂ’s roomy, capable and safe, but it's also a bit plain and thereÂ’s only one powertrain option, a turbo-four paired to a CVT that's less powerful than those of competitors. If youÂ’re considering the Ascent, do yourself a favor and take a look at the practical but characterful Kia Telluride or Hyundai Palisade. You just may — or may not — find one of those meets your adventurous needs while making a stronger emotional impression. What's new for 2020? Pricing remains the same for 2020, but the Ascent has a couple new tricks up its sleeve. Across the range, it gets Rear Seat Reminder as standard, to help prevent you from leaving a child or pet behind in the vehicle. Premium, Limited and Touring trims will come equipped with "one-touch interior illumination on/off controls." The Touring trim also adds new power-folding side mirrors with integrated turn signals. What are the Ascent's interior and in-car technology like? From the driver's seat, the Ascent's packaging displays Subaru's pragmatic philosophy to car design. All the gauges are easy to see and read at a glance, knobs and buttons are easy to locate — both those of the software-based touchscreen infotainment system and the physical ones on the steering wheel and center stack. We were able to find a good seating position, thanks in part to the manually tilting/telescoping steering wheel, but we have a feeling that smaller drivers may find the driving position more awkward than larger drivers.

Subaru to drop industrial products, focus on making cars

Subaru, the company formerly known as Fuji Heavy Industries, said Monday it is ceasing production of its industrial products after more than 60 years in order to focus on its core automotive business. The change was effective Sept. 30. "By concentrating management resources on Subaru's core automotive business, the company will further reinforce its business structure in the aim of substantially enhancing the Subaru brand and achieving even greater sustainable growth," the company said in a statement. The move appears to mark the culmination of a steady retrenchment from its industrial business. Fuji Heavy Industries Ltd. last year announced it was changing its name to Subaru Corp. in order to strengthen the brand and focus on its core automotive and aerospace business. It also moved to integrate its Industrial Products Company within Subaru's automotive business effective Oct. 1, 2016. Subaru is a Japanese name for the Pleiades star cluster, and it symbolizes the six companies that merged to form Fuji Heavy Industries in 1953. Subaru's aerospace division is a contractor for the Japan Defense Agency. The automaker's industrial products business began in 1951 when its former Omiya Fuji Industries Co. Ltd. began production of the 540 cc M6 engine. Subaru says its Industrial Products Co. Ltd. affiliate will continue to handle after-sales service of Subaru-built generators, pumps and engines used in construction, agriculture and industrial equipment. The company also says it will cease manufacturing engines for installation in other vehicles as supply contracts expire. Meanwhile, Subaru is busy reorganizing its plant in Lafayette, Ind., to begin production of the Ascent, a three-row, eight-passenger crossover based on its Viziv-7 concept that debuted late last year. Related Video: