Hyundai and Kia to compensate drivers for inaccurate fuel consumption ads
Hyundai Auto Corp. and Kia Canada Inc. recently entered into consent agreements with the Competition Bureau addressing inaccurate fuel consumption advertisements they made. Hyundai and Kia advertized fuel consumption figures based on tests conducted in Korea. They later discovered that procedural errors in the testing invalidated the results. On November 2, 2012, the two car makers issued press releases explaining the error and announcing a compensation program for consumers. The compensation program offers consumers pre-paid credit cards for the extra fuel they use over and above the advertized consumption rating, plus 15%. Hyundai and Kia then self-reported to the Competition Bureau. This ... [more] Full article
South American Airline Pleads Guilty to Price Fixing
LATAM Airlines Group S.A., the parent company of LAN Cargo S.A., has pleaded guilty to participating in a conspiracy to fix fuel surcharges imposed on international air cargo shipments to ... [more] Full article
Air Cargo Conspiracy Fines and Class Action Settlements
A number of airlines from around the world have pleaded guilty to fixing various surcharges on air cargo shipments to and from Canada, and paid large fines and class action settlements. [more] Full article
Bearing manufacturer rigged bids, fined $5 million
Japanese bearings manufacturer JTEKT Corporation has pleaded guilty to rigging bids for parts for Toyota vehicles and was fined $5 million, the Competition Bureau announced recently. JTEKT obtained leniency in ... [more] Full article