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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.

Suzuki Samurai lives on with new Jimny facelift

The Suzuki Jimny is "sold across 188 global markets," but one of them isn't ours. For UK buyers who can buy a Jimny in SZ3 or SZ4 trims, the 2013 model has just been introduced with tweaks peppered throughout the vehicle. First among them is a soft redesign up front, a new bumper, grille and hood updating the face and adding an extra 30 mm to the length of the little SUV. Breeze Blue metallic paint is a new hue but it's only available on the more expensive SZ4.
Inside, customers will find new headrests and ISOFIX child seat fasteners for both Jimny versions, and for the SZ3, new seat fabrics. The 1.3-liter engine with variable valve timing growls out 84 horsepower and 81 pound-feet of torque, returning 39.8 Imperial combined mpg if fitted with a manual, 38.7 Imperial mpg combined in the automatic.
On-the-road prices are £11,995 ($19,016 US) for the SZ3, £12,900 ($20,451 US) for the manual-equipped SZ4, £13,800 ($21,877 US) with the automatic. More information can be found in the press release below.

Trick motorcycle rider breaks world record for fastest wheelie

The world record for the fastest wheelie ever was broken last week in a British racing event by certifiably crazy man Gary Rothwell. It goes without saying, but we'll say it anyway: don't try this at home, kids. On September 20, in at an airstrip in York, England, Rothwell rode his 540-horsepower turbocharged Suzuki Hayabusa 209.8 miles per hour over while balancing entirely on his rear wheel. Rothwell beat the previous world record by a whopping 10 miles an hour, according to Gizmag. Rothwell was going overboard to ensure he cinched the title. He was still miffed over his failure to break the record last month. He only reached 197.8 miles per hour in that attempt, just shy of it. Rothwell also holds world records for being the fastest man on skis, which involved him jumping off the back of his bike and being pulled along at 150 miles per hour on titanium skis. He completed the wheelie at the last Straightliners Top Speed event of the year. Straightliners is known for hosting the fastest of anything. This year featured everything from a shed that traveled over 88 miles per hour to a jet-powered shopping cart. They also welcome trick riders of all flavors to come and share their expertise. Related Video: News Source: Gizmag Motorsports Weird Car News Suzuki Driving Motorcycle Videos world record top speed fastest wheelie