This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

US Corning and Japan’s NGK cited by Brazil’s antitrust regulator in new car-parts probe

( December 21, 2015, 14:39 GMT | Official Statement) -- MLex Summary: The lower tier of Brazil’s competition authority has started a formal investigation into the impact in Brazil of a ceramic auto parts cartel. US-based glass and ceramics maker Corning and Japan-based auto parts manufacturer NGK Insulators, as well as several individuals, will be investigated for allegedly fixing prices and commercial terms in the market for specialized ceramic products, known as substrates or honeycombs, which are used in car and truck catalytic converters. Last month NGK pleaded guilty in the US to two felony charges for its role in a conspiracy to fix prices and rig bids for ceramic substrates. Corning is listed on the New York Stock Exchange. NGK is listed on the Tokyo and Nagoya stock exchanges.CADE statement follows in Portuguese....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections