More carmakers caught in headlights of VW engine-rigging scandal

More carmakers caught in headlights of VW engine-rigging scandal
Volkswagen has admitted it installed illegal software into 11 million 2.0 liter and 3.0 liter diesel engines worldwide (AFP Photo/Josh Edelson)

Volkswagen emissions scandal

Iran's 'catastrophic mistake': Speculation, pressure, then admission

Iran's 'catastrophic mistake': Speculation, pressure, then admission
Analsyts say it is irresponsible to link the crash of a Ukraine International Airline Boeing 737-800 to the 737 MAX accidents (AFP Photo/INA FASSBENDER)

Missing MH370 likely to have disintegrated mid-flight: experts

Missing MH370 likely to have disintegrated mid-flight: experts
A Malaysia Airlines Boeing 777 commercial jet.

QZ8501 (AirAsia)

Leaders see horror of French Alps crash as probe gathers pace

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …

Thursday, August 21, 2014

Japanese auto bearings suppliers fined for antitrust violation

Want China Times, Staff Reporter 2014-08-20

Japanese NTN staff prepare for a product show in Nanjing,
Jiangsu province. (File photo/Xinhua)

China's National Development and Reform Commission (NDRC) fined two Japanese suppliers of automotive bearings Tuesday for market monopolization practices, reports Shanghai's National Business Daily.

Nippon Seiki KK issued a statement on its official website that the Chinese regulator has ordered the company to pay a fine of 174.9 million yuan (US$28.5 million).

NTN Corporation also stated that the NDRC has fined the company 119.2 million yuan (US$19.42 million).

NSK and NTN are the two of the largest manufacturers of bearings in Japan.

The Japanese companies were ruled to engage in common bid-rigging practices, in which the bidders take turns to win contracts.

In China's auto parts industry, Japanese and South Korean firms have relatively closed their supply chain. It has been a tradition for Japan and South Korea to be protective towards domestic automotive parts suppliers.

In addition, an analyst said that Japanese firms have the technological edge over other firms, making it easy for them to conduct horizontal monopolization, in which bid-rigging is the most common practice, according to the report.

Japanese auto parts companies have faced antitrust probes in the United States and Europe. They have also been punished in Canada, the European Union, Singapore and Australia earlier this year for price fixing.

It was reported that over ten Japanese parts suppliers have been accused of violating China's antitrust laws. The automotive parts involved include panel switches for heater controls, steering wheels, seat belts, wiper blades and airbags.

According to China's Anti-Monopoly Law, businesses that take advantage of their dominance in the market or agree to and implement price fixing have to pay a fine of 1%-10% of their one-year sales, along with their illegal gains being confiscated.

Some analysts said that overseas auto parts makers have earned high profits in emerging markets such as China. The antitrust investigation will help regulate the industry and create a positive environment for new domestic automotive parts suppliers, they said.

Related Article:

No comments: