Denso: European Commission's Announcement Concerning the EU Competition Law related to Certain Automotive Components
2018年2月21日 - 08:37PM
JCN Newswire (英)
On February 21, 2018 (Central European Time), the European
Commission announced that it has imposed fines on certain
automotive suppliers that infringed EU competition law in
connection with past sales of automotive spark plugs.
The Commission has investigated certain automotive suppliers
including DENSO Corporation in this matter, and DENSO has fully
cooperated with the investigation.
As per the Commission's announcement, DENSO Corporation was named
as one of the suppliers that had been involved in the conduct
suspected to be in violation of EU competition law. However, the
company received full immunity from fines, because the company had
completely eliminated the conduct that was suspected to be in
infringement before the Commission's investigation, and because it
applied to the Commission under the leniency program in regard to
suspected illegal conduct related to sales of the product, which
was granted by the Commission.
It is DENSO's policy to comply with all applicable competition
laws. Since learning of the investigation that was conducted at its
U.S. subsidiary by the U.S. Department of Justice in February 2010,
DENSO has taken various measures, including implementing even more
stringent compliance rules and even more enhanced compliance
training to further ensure that its employees comply with all
applicable competition laws. DENSO believes that it has remained in
complete compliance with all competition laws.
DENSO is committed to compliance with all applicable competition
laws around the world.
About Denso
DENSO Corporation, headquartered in Kariya, Aichi prefecture,
Japan, is a leading global automotive supplier of advanced
technology, systems and components in the areas of thermal,
powertrain control, electronics and information and safety. Its
customers include all the world's major carmakers. Worldwide, the
company has more than 200 subsidiaries and affiliates in 38
countries and regions and employs nearly 140,000 people.
Consolidated global sales for the fiscal year ending March 31,
2014, totaled US$39.8 billion. Last fiscal year, DENSO spent 9
percent of its global consolidated sales on research and
development. DENSO common stock is traded on the Tokyo and Nagoya
stock exchanges. For more information, go to www.globaldenso.com,
or visit our media website at www.densomediacenter.com.
Source: Denso
Contact:
Sadayoshi Yokoyama, Toshiko Watanabe
DENSO CORPORATION
Phone: 81-566-25-5594
Fax: 81-566-25-4509
sadayoshi_yokoyama@denso.co.jp
toshiko_watanabe@denso.co.jp
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