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Kayaba, Sumitomo to pay millions for price-fixing in US

Kayaba Industry Co, which does business in the US as suspension parts maker KYB, and Sumitomo Electric Industries are facing payments in the millions to settle price-fixing cases about the components that they make. As part of the Department of Justice's ongoing crackdown of price fixing in the auto industry, KYB agreed to pay $62 million and pleaded guilty to conspiracy to set the cost of shock absorbers from the mid '90s through 2012. The company allegedly worked with co-conspirators to keep the cost of the parts high, and those components then made it into vehicles from Honda, Kawasaki, Nissan, Subaru, Suzuki, and Toyota. "Any collusive agreement among competitors to restrict price competition undercuts our free enterprise system and violates the law," said Carter M. Stewart, US Attorney of the Southern District of Ohio, in the DoJ's announcement. Over the past few years, the DoJ has brought cases against 37 parts suppliers and 55 executives, leading to over $2.6 billion in fines. The investigations haven't always been so successful – some of the Japanese execs fled from the US to avoid prosecution. Critics allege that price fixing is simply how business is done. According to Automotive News, Sumitomo Electric Industries is also facing a $50 million settlement in a civil lawsuit that's related to price fixing of parts like wiring harnesses and heater control panels. The plaintiffs include owners and dealers that purchased vehicles with these parts. The company asserts that the violations are from before 2010, and it now has different process in place to avoid further violations. KYB Agrees to Plead Guilty and Pay $62 Million Criminal Fine for Fixing Price of Shock Absorbers Kayaba Industry Co. Ltd., dba KYB Corporation (KYB) has agreed to plead guilty and to pay a $62 million criminal fine for its role in a conspiracy to fix the price of shock absorbers installed in cars and motorcycles sold to U.S. consumers. According to charges filed today, KYB conspired from the mid-1990s until 2012 to fix the prices of shock absorbers sold to Fuji Heavy Industries Ltd. (manufacturer of Subaru vehicles), Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Nissan Motor Company Ltd., Suzuki Motor Corporation and Toyota Motor Company, including their subsidiaries in the United States.

Another 'Baby Driver' Subaru WRX goes up for auction

We saw one of the "Baby Driver" Subaru Impreza WRX stunt cars sell last year for nearly $70,000. That was a bit nutty, but now there's another one up for auction, listed on Live Auctioneers. Just like the first, it's a red 2006 WRX Limited with a 2004 STI engine and rear-wheel-drive conversion. This means it has the 2.5-liter boxer engine instead of the 2.0-liter four-cylinder. All of the modifications were done by All Pro Subaru with a total of five cars receiving the special treatment. Beyond those mods, there's an upgraded rear differential, but that's pretty much it. If you've seen "Baby Driver," then you know how pivotal a role this car played in making the movie great. The opening chase scene is the most iconic of the whole movie — we've dropped the video of it in this post if you haven't seen it or just want to watch the awesome driving again. It's such an admirable scene because all the driving stunts are real. No special effects or CGI went into trying to make it any more than what it actually was. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. This particular car has a lot of miles on it: 156,477 to be exact. For most Subarus of the WRX variety, this many miles pretty much guarantees you'll be paying for repairs in no time. This being a movie car means it's been driven pretty hard too; just watch the movie and you'll see what it's been through. The bid is sitting at $20,000 now, way less than the $69,100 the first one sold for. As a reference, WRX STIs of the same heritage and similar miles are listed anywhere between $10,000-$20,000. You won't end up buying this car because it's a great value, but rather, to be able to point out to your friends you have "that car" every time you watch the movie. The rear-wheel-drive conversion is pretty sweet too — that makes it more distinctive than it would be otherwise. Related video: Featured Gallery Baby Driver Subaru WRX Celebrities Subaru Auctions Performance Sedan baby driver

A car writer's year in new vehicles [w/video]

Christmas is only a week away. The New Year is just around the corner. As 2014 draws to a close, I'm not the only one taking stock of the year that's we're almost shut of. Depending on who you are or what you do, the end of the year can bring to mind tax bills, school semesters or scheduling dental appointments. For me, for the last eight or nine years, at least a small part of this transitory time is occupied with recalling the cars I've driven over the preceding 12 months. Since I started writing about and reviewing cars in 2006, I've done an uneven job of tracking every vehicle I've been in, each year. Last year I made a resolution to be better about it, and the result is a spreadsheet with model names, dates, notes and some basic facts and figures. Armed with this basic data and a yen for year-end stories, I figured it would be interesting to parse the figures and quantify my year in cars in a way I'd never done before. The results are, well, they're a little bizarre, honestly. And I think they'll affect how I approach this gig in 2015. {C} My tally for the year is 68 cars, as of this writing. Before the calendar flips to 2015 it'll be as high as 73. Let me give you a tiny bit of background about how automotive journalists typically get cars to test. There are basically two pools of vehicles I drive on a regular basis: media fleet vehicles and those available on "first drive" programs. The latter group is pretty self-explanatory. Journalists are gathered in one location (sometimes local, sometimes far-flung) with a new model(s), there's usually a day of driving, then we report back to you with our impressions. Media fleet vehicles are different. These are distributed to publications and individual journalists far and wide, and the test period goes from a few days to a week or more. Whereas first drives almost always result in a piece of review content, fleet loans only sometimes do. Other times they serve to give context about brands, segments, technology and the like, to editors and writers. So, adding up the loans I've had out of the press fleet and things I've driven at events, my tally for the year is 68 cars, as of this writing. Before the calendar flips to 2015, it'll be as high as 73. At one of the buff books like Car and Driver or Motor Trend, reviewers might rotate through five cars a week, or more. I know that number sounds high, but as best I can tell, it's pretty average for the full-time professionals in this business.