K-Line Facing Fine in S. Africa For Collusion on Toyota Vehicles
(Bloomberg) -- South Africa's competition regulator is seeking to fine Japan's Kawasaki Kisen Kaisha Ltd. as much as 10 percent of its annual revenue in the country for colluding on a tender for the transport of Toyota Motor Corp. vehicles.
K-Line, as the company is known, has been referred to the country's Competition Tribunal for price fixing, market division and collusive tendering involving the transport of Toyota vehicles from South Africa to Europe, North Africa and the Caribbean, the Competition Commission said in a statement.
South Africa's Competition Commission investigates complaints before referring cases to the tribunal, which rules on the findings.
To contact the editor responsible for this story: Alastair Reed at areed12@bloomberg.net.
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