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Japanese subsidiary of Nippon Light Metal raided for suspected antitrust violation

By Sachiko Sakamaki ( December 19, 2024, 04:18 GMT | Insight) -- Nippon Light Metal subsidiary and van-body manufacturer Nippon Fruehauf was raided on Wednesday by the Japan Fair Trade Commission over a suspected antitrust violation. The inspection is understood to be linked to an ongoing cartel investigation involving four other truck-body manufacturers. In a market disclosure, Nippon Light Metal said the JFTC was investigating a potential violation of the Antimonopoly Act related to price-setting practices. Van-body manufacturer Nippon Fruehauf, a subsidiary of Nippon Light Metal, was raided on Wednesday by the Japan Fair Trade Commission, or JFTC, over a suspected antitrust violation. The inspection is understood to be linked to an ongoing cartel investigation involving four other truck-body manufacturers....

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