Dealerships to Receive $335 Million In Payments Over Supplier Price-fixing Scheme

Roughly 8,000 U.S. dealers will share in a $335 million payday resulting from a colossal 2010 antitrust investigation. The issue? Suppliers were involved in a widespread price-fixing scheme that lasted decades, and nobody noticed until the FBI raided the offices of Yazaki North America Inc., Denso International America Inc. and Tokai Rika Group North America.

In the end, 65 individuals and 47 companies were charged by the Justice Department — resulting in over $2.9 billion in fines and jail time for a swath of fresh white-collar criminals.

However, none of that money made it to manufacturers, dealers, parts retailers, or consumers. Those players had to resort to filing civil suits in federal court against the companies. In 2012, the multitude of claims were consolidated and transferred to Judge Marianne Battani and the U.S. District Court in Detroit. Over $1 billion has been set aside for affected parties, with around $335 million of the sum going to dealerships.

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  • InCogKneeToe Wow, memories. My Parents have a Cabin on a Lake, I have a Plow Truck and Friends, access to Lumps (old tired autos). What happens? Ice Racing!. The only rules were 4 cylinder, RWD only. Many Chevettes were destroyed, My Minty 1975 Acadian Hatch Auto with 62,000kms, did also. Rad, Rad Housing etc. My answer, a 1974 Corolla Hatch 4 speed, the rest of the Vettes took offence and Trashed the Yota. It was so much quicker. So rebuttal, a 1975 Celica GT Notch, 2.2L 20R, 5 Speed. Needed a New Pressure ate but once that was in, I could Lap the Vettes, and they couldn't catch me to Tag me.
  • 28-Cars-Later I'm not sure when it was shot, but I noticed most shots featuring a Ford are pushing the BEV models which haven't sold well and financially kicked the wind out of them. is it possible they still don't get it in Dearborn, despite statements made about hybrids etc.?
  • ToolGuy I watched the video. Not sure those are real people.
  • ToolGuy "This car does mean a lot to me, so I care more about it going to a good home than I do about the final sale price."• This is exactly what my new vehicle dealership says.
  • Redapple2 4 Keys to a Safe, Modern, Prosperous Society1 Cheap Energy2 Meritocracy. The best person gets the job. Regardless.3 Free Speech. Fair and strong press.4 Law and Order. Do a crime. Get punished.One large group is damaging the above 4. The other party holds them as key. You are Iran or Zimbabwe without them.