OREANDA-NEWS. Hitachi, Ltd. and Hitachi Automotive Systems, Ltd. today announced that the companies settled with the European Commission regarding infringements of the EU competition laws relating to sales of alternators and starters to certain of their customers. As part of the settlement, Hitachi and Hitachi Automotive Systems will pay the European Commission a fine of 26.86 million euros (approx. 3.45 billion yen).

Hitachi and Hitachi Automotive Systems are committed to ensuring to comply with all applicable antitrust laws or competition laws by instituting several measures to prevent recurrence, including strengthening of internal guidelines, educational training sessions for employees by utilizing manuals etc. and the occurrence of audits at regular intervals.

Hitachi and Hitachi Automotive Systems also intend to ensure thorough compliance going forward by carrying on with these activities and by strengthening them even further throughout the companies.