Denso says fined $2.2 million in Canada for violation of competition law

Thu Aug 21, 2014 2:20pm EDT
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TOKYO (Reuters) - Denso Corp (6902.T: Quote) said on Thursday it has been fined C$2.45 million ($2.2 million) by a court in Canada for violation of that country's competition law in connection with sales of certain body electronic control units for motor vehicles.

The Japanese auto parts maker said in a statement that its group companies have taken various measures, including implementing more stringent compliance rules, to further ensure that employees comply with all applicable competition laws.

The previous day, Denso was among a group of Japanese auto parts makers fined by Chinese regulators for price-fixing.

(1 US dollar = 1.0981 Canadian dollar)

(Reporting by Chris Gallagher; Editing by Edmund Klamann)

Employees walk outside of the Denso (Guangzhou Nansha) Co Ltd plant in Nansha, Guangdong province June 22, 2010.  REUTERS/Tyrone Siu