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Company: Toyo Tire & Rubber Co., Ltd.
Current Parent Company:
Toyo Tire & Rubber
Parent at the Time of the Penalty Announcement:
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Penalty: $11,400,000
Year: 2020
Date: January 28, 2020
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Toyo Tire agreed to pay over $11 million to automobile dealerships to settle its role in litigation regarding price-fixing of automotive anti-vibration rubber parts and constant velocity joint boot products.
Level of Government: federal
Action Type: private litigation
Court: Eastern District of Michigan
Civil or Criminal Case: civil
Case ID: 2:13cv802
Case Name: Anti-Vibrational Rubber Parts - Dealership Actions
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Japan
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: automotive parts
Specific Industry of Current Parent: automotive parts-tires
Source of Data:
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Link to Archived Court Document:
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the
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