OTTAWA – Showa Corp. has been fined $13 million by an Ontario court after the Japanese auto parts company pleaded guilty to one count of bid rigging.
It’s the second-largest fine to date by Ontario’s Superior Court of Justice and the ninth guilty plea since a federal investigation into bid rigging that was launched three years ago.
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Canada’s Competition Bureau says Showa had a secret, illegal arrangement with another supplier for Honda cars manufactured in Canada.
Showa supplies electric power steering gears.
The largest fine to date under the bureau’s campaign was $30 million levied in 2013 on Yazaki Corp. for rigging bids on wire harnesses for Honda and Toyota.