The automotive industry is on the cusp of revolutionary change from the competitive landscape to how we interact with vehicles. Join us for a lively debate and discussion of the future state of the industry from self-driving cars and vehicle connectivity to the profound impact on the industry and society.
Bid Rigging and Price Fixing
Thursday, November 18, 2015 \\ 8:30 AM - 10:00 AM
The DOJ’s Antitrust Division, together with the FBI, has launched a widespread investigation into price fixing, big rigging, and other anticompetitive conduct in the automotive parts industry. Following the prosecution of Showa Corporation for anticompetitive conduct back in April 2014, the Assistant Attorney General in charge of the DOJ’s Antitrust Division announced this was the 27th case of fixing the selling of parts to automotive manufacturing companies. Then on April 23rd of this year, an executive for Hitachi Motor Corporation pled guilty to creating an anticompetitive environment in selling parts to several US-based OEMs and was sentenced to serve 15 months in jail. Is anticompetitive conduct in the automotive industry still a top priority for the Antitrust Division’s criminal enforcement division? What are the implications for the auto industry? What are some of the lessons learned from these investigations, and how should auto companies respond to perceived anticompetitive conduct?
Pamela Parizek \\ KPMG LLP (Moderator)
Dan Savrin \\ Partner, Morgan Lewis
Gregory E. Neppl \\ Partner, Foley & Lardner LLP
Lisa Phelan \\ Chief, National Criminal Enforcement Section, Antitrust Division at United States Department of Justice
Wendy Waszmer \\ Partner, King & Spalding