GM Supplier Raided by the FBI

Denso Corp, Yazaki North America and Tokai Rika, Denso a company owned by toyota.

 

Anti trust raid in cooperation with European authorites. It is going to be a very interesting year for Japan Inc.

The department is investigating “the possibility of anticompetitive cartel conduct” among suppliers, Talamona said.

 

Source?

 

[ame="http://en.wikipedia.org/wiki/Denso"]Denso - Wikipedia, the free encyclopedia[/ame]

[ame]http://en.wikipedia.org/wiki/Toyota_Group[/ame]

 

Thanks. Denso is apparently not wholly-owned by Toyota Group (since they talk about "investors" on their website). Japanese companies are not always what they seem. The government is controlled by industry and controls industry. They will probably find what they are looking for.

 

Denso and Toyota sort of grew up together, and it shows in how
parts that Toyota specs for their cars for the most part last
forever.
.
But why would GM want to buy from Denso when they already have
their own on-shore sources of crappy, unreliable parts that
gives them their own unique beloved flavor? Interesting, maybe
they're actually trying to make improvements..
.
_H*

 

I just thought I would link a couple of threads together here for reference...

The town in this thread basically lives because of Denso. The whole town is sort of intertwined with them... Go out of the train station, walk a bit, and your whole view is filled with that of the main Denso factory and company offices.

I`m hoping nothing goes wrong with Aica (another huge company supplying stuff for cars and other things), as that is what my little town lives by the grace of...

 

Denso pledges loyalty to Toyota. -- Britannica Online Encyclopedia

Also see page 7 of http://www.globaldenso.com/en/investors/topics/pdf/e86s_mtg_conv.pdf.

I was originally going to post about Denso being raided by the FBI and it being a top Toyota supplier but I was beat to the punch. The headline is on the front page of Yahoo now and it reads "FBI raids 3 Japanese auto parts makers near Detroit".

http://www.densocorp-na.com/corporate/customers.html has a list of their NA customers. Most of their press releases say "Its customers include all the world's major carmakers."