Fined $2.45M for conspiring in bidding on contracts to supply auto parts to Toyota Motor Manufacturing Canada Inc.
Auto parts manufacturer’s revenue hits record high 12.7% to almost $931 million.
The auto parts supplier has not named the bidder.
Conference Board of Canada report forecasts strong profits.
Shipments are still 15% below pre-recession and the sector has recovered only 8,300 of the 43,400 jobs lost between 2007 and 2009.
Thirty-four individuals have been charged and 27 companies have pleaded guilty, agreeing to pay more than $2.3 billion in fines.
Involves heater control panels sold to Toyota between 2003 and 2010.
Revenues surpass $1 billion, a 23.2% increase over the same period in 2013.
Will manufacture engine cradles and automotive assemblies for GM.
Investing $9 million in the 16,400-square-foot Pennsylvania operation.
The Chinese auto-parts conglomerate beat out Hybrid Technology, which is led by Hong Kong billionaire Richard Li.
Company is charged with allocating sales, rigging bids and raising prices of anti-vibration rubber parts sold to car makers.
Canadian autoparts manufacturer expects to close and consolidate some of its facilities in Europe.
The automaker’s sales projections are in line with company and analyst estimates for last year’s revenue.
As part of the acquisition, Advance Auto will get 1,246 company operated stores and 1,418 independently owned Carquest locations.