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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.

Top Gear hosts' classic bikes head for auction

The BBC seems quite certain that Top Gear is making a return to television in 2016, but James May and Richard Hammond are extremely unlikely to be among the hosts. Instead, the two of them are probably following Jeremy Clarkson into any future endeavors, but for the time being that leaves the Little One and the Slow One unemployed. They won't have to worry too much about spending money in the meantime, though, because Bonhams is selling 12 motorcyles owned by the former TG stars on April 26. "Just because I'm unemployed now doesn't mean I have to get rid of everything. I was going to sell these bikes anyway. And those paintings, and my collection of Scalextric cars. Honest," May joked to Bonhams. However, the auction house was clear in its announcement that the cycles were consigned to the Spring Stafford Sale in the UK months before the Top Gear fracas. Eight of the bikes come from May's collection and are generally small-bore, Japanese models. They include a 49cc 1974 Yamaha FS1-E and a 1976 Suzuki AP50 E, but there's also a very attractive 1980 Ossa 250cc MAR trials bike. If you're looking for a bit more performance, Hammond's four offering include a 2010 Norton Commando 961SE and a 1970 Triton 500cc cafe racer. He's also selling a Yamaha FS1-E, though a year newer than May's. Unfortunately the Vincent Black Shadow and Honda RC30 the hosts are riding in these photos aren't part of the lots, but the whole list of the available models can be read in the announcement below and checked out in the gallery, above. Bonhams Spring Stafford Sale will include 12 motorcycles belonging to Richard Hammond and James May, former presenters of the popular motoring programme, Top Gear. May and Hammond discussed the sale of their respective motorcycles in their usual humorous manner: "Just because I'm unemployed now doesn't mean I have to get rid of everything," said May. "I was going to sell these bikes anyway. And those paintings, and my collection of Scalextric cars. Honest". Hammond added: "As a serious collector of motorcycles, it's important to review one's stable regularly, and the Bonhams Stafford sale is the ideal opportunity to move bikes on and possibly acquire new ones. I also have a canoe, and some Wharfedale hi-fi speakers, if anyone's interested".

Meet the Jeep Wrangler's tiny Japanese doppelganger, the Suzuki Jimny

We're all eagerly anticipating the 2018 Jeep Wrangler, but it's not the only two-door, body-on-frame off-roader coming out in the near future. Suzuki has its own on the way by the name of Jimny (no, that's not a typo). Long ago, we received the Jimny here in the United States as the eminently capable, though tipsy, Samurai. The Samurai was followed here by the more civilized Sidekick/Tracker, which eventually took on its original name of Vitara. But overseas, the rugged, truck-like Samurai survived as the Jimny. This newest version looks to retain much of its predecessors' capability. In addition to the body-on-frame chassis, it features a solid rear axle. Odds are that it will continue to offer a part-time four-wheel-drive system with a low-range, as with the current one. We can't quite tell if it will still have a solid front axle, though. Styling-wise, the new Jimny does seem to have tougher, chunkier looks than the current one, pictured above. The corners have been squared up, and hard creases added to the flanks. The wheel wells are now more square and look to have bigger flares. We're also noticing some retro touches such as the roof that isn't flush with the rest of the body. The taillights mounted in the rear bumper are also reminiscent of the old Samurai. As nifty as the little Jimny is, we can safely say that we won't be getting it here — Suzuki doesn't sell cars here anymore. But even if Suzuki were still operating in the U.S., we probably wouldn't get the Jimny. It would probably be too crude for most buyers, and it could be tricky to get it to pass safety regulations. Its tall, narrow shape also could be rollover prone, and Suzuki wouldn't want to go through another rollover controversy. But hey, in roughly 25 years, you can import one of these if you really want. Related Video: Featured Gallery Suzuki Jimny spy shots View 11 Photos Image Credit: CarPix, Suzuki Spy Photos Suzuki SUV Economy Cars Off-Road Vehicles suzuki jimny