TORONTO Feb 20 Panasonic Corp has been
fined C$4.7 million ($4.25 million) for rigging bids to supply
equipment for Toyota Motor Corp cars made in Canada,
the country's Competition Bureau said on Thursday.
Panasonic pleaded guilty to two counts of bid-rigging under
the Competition Act and was fined by Ontario courts.
Evidence showed Panasonic conspired with another Japanese
parts manufacturer on which company would win bids to supply
certain switches and sensors to Toyota Motor Manufacturing
Canada Inc, a unit of the Japanese auto maker, the Competition
The parts were supplied to Toyota in Canada for 2008 models
of the Corolla, Matrix, and RAV4, and for the 2009 model of the
Lexus RX 350,the bureau added.
The competition bureau's investigation began more than four
years ago as part of a major international probe into auto