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Sanyo, LG, Panasonic admissions price laptop batteries and automotive components, fined more than $ 57 million

Panasonic and Sanyo subsidiary recently agreed with allegations of price laptop batteries and some other components used in automobiles. According to the U.S. Justice Department, Sanyo will spend 10.7 million dollars for his role in the production of battery cells used in laptop in many places around the world. LG Chemistry, specializing in chemical companies and battery under LG, also fined U.S. $ 1,056 million with allegations similar to Sanyo. Panasonic is to pay 45.8 million due to price switches, steering angle sensor, the ballast of Hondo cars for sale, Nissan, Toyota, Mazda in the U.S. and in other countries. Thus, the total fines that the three companies will have to pay more to the U.S. budget is 57.5 million.

The Ministry of Justice said that Sanyo and LG have started to make cell battery prices from 4/2007 to 9/2008 and this is only the first two companies fined. In the future, the Department will continue to investigate further acts of unfair competition in the industry producing cell Li-ion battery rounded.

Rechargeable Li-ion is now widely used in electronic devices. In mobile phones, tablets and thin laptops, the battery cell is made up of flat or prismatic. As for the laptop battery is removed, the cell used mostly circular, exactly the kind that Sanyo and LG alleged price manipulation. The two companies, along with co-conspirators, the fixed price supply batteries to customers through these encounters. The U.S. Justice Department said that the defendant had collected and exchanged information for monitoring purposes as well as forcing customers to agree to the price because they give. Sanyo and LG have also taken action to conceal his crime.

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