Toyo Tire & Rubber Reaches a Settlement in U.S. Antitrust Case

At a meeting with the board of directors held on Sept. 17, 2015, Toyo Tire & Rubber Co. Ltd. announced that the company had reached a 4.2 billion yen (approximately $35 million) settlement with automobile manufacturers who were seeking damages for alleged U.S. antitrust violations. Regarding U.S. antitrust violations concerning price adjustments by Toyo Tire & Rubber of automotive anti-vibration…

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