· Japanese parts and components companies collectively quietly, Guangzhou Automobile Toyota took the lead in price cuts

The reporter learned from the relevant person in charge of GAC Toyota that the company has lowered the price of some parts and components as planned from yesterday, and the dealers began to operate at the new price. Another Japanese automaker, Guangqi Honda, will also reduce the price of some parts and components from September 1.
In contrast, Japanese component companies have collectively entered the “quiet period”, and no one has spoken or taken price cuts in China.
12 parts companies were found to have heard that the 12 Japanese parts companies involved were Donghai Ricoh, Bridgestone, Panasonic, Autoliv, Trina Germany, Japan Seiki, GSElectech, Furukawa Electrical, Yazaki Group, Denso Group, Diamond Motor and Fujikura Company; related parts and components include heater control panel, turn signal switch, wiper, electric lock, instrument panel instrument, airbag, steering wheel and seat belt. In addition to the automotive core power system, it includes multiple categories of other spare parts. The 12 Japanese parts companies will face a total of more than 1 billion yuan in fines.
In response to this news, the newspaper asked Shen Jinjun, executive vice president of the China Automobile Dealers Association, to refuse to comment on the enterprises involved in the case and the fines. He said that it is inconvenient to disclose any information at this stage, and the National Development and Reform Commission should announce the details soon.
As of yesterday's press release, the list of Japanese component companies and penalties for monopoly have not yet been announced on the website of the National Development and Reform Commission. This is from the National Development and Reform Commission Secretary-General Li Pumin announced on the 6th that "the National Development and Reform Commission has completed the investigation of the implementation of the auto parts and bearing price monopoly case of 12 Japanese companies, and will be punished according to law" has been more than ten days.
Recently, the official website of Japanese component companies such as Bridgestone has not released any news about anti-monopoly or price cuts. An internal employee of Bridgestone told this reporter yesterday that the company should not have a plan to cut prices in the near future. At present, it has not received a tire price reduction notice.
Compared with the Japanese parts factory, some Japanese automakers are relatively active. Guangzhou Automobile Toyota, Guangqi Honda, after Jaguar Land Rover, Audi, Chrysler, Mercedes-Benz, BMW and other European and American car companies also joined the ranks of price cuts.
According to Article 46 of the Anti-Monopoly Law: "If an operator violates the provisions of this Law and reaches or implements a monopoly agreement, the anti-monopoly law enforcement agency shall order it to stop the illegal act, confiscate the illegal income, and charge the annual sales amount. A fine of more than one ten percent or less; Article 47 states: "If an operator violates the provisions of this Law and abuses market dominance, the anti-monopoly law enforcement agency shall order it to stop the illegal act and confiscate the illegal income. A fine of more than one percent to less than ten percent of the previous year’s sales."
However, the initiative to cooperate with the investigation and the initiative to explain, there will be opportunities to obtain a lighter punishment or even exemption. Auto expert Zhang Zhiyong said in an interview with this reporter yesterday that this does not rule out that these Japanese parts and components companies are privately cooperating with the National Development and Reform Commission for investigation, but they will not make a statement for the time being.
Japanese parts and components companies have had a case in Europe and the United States, repeatedly touching the monopoly red line. According to media reports, in July last year, the EU anti-monopoly agency imposed penalties on four auto parts dealers, including Yazaki, Japan, which were suspected of forming a monopoly alliance and manipulating product prices. In February of this year, Japanese tire manufacturer Bridgestone and the US Department of Justice reached an agreement to recognize that the manipulation of the sales price of auto parts violated the US Anti-Monopoly Law and agreed to pay a fine of 425 million US dollars. This is in the United States. All auto parts dealers are involved in the most severe fines in antitrust investigations.
"Pave the way" for local companies?
Zhang Zhiyong said that unlike the monopoly situation of European and American car companies, Japanese monopoly is mainly horizontal monopoly. It is closely related to its entire relatively closed supply chain. It needs to break this kind of closure and open to the outside world. Price reduction is not the main method to solve the problem.
The industry believes that this "horizontal monopoly" is usually in the bidding process, through a number of enterprises "collusion", one company reported low prices, other companies reported high prices, taking turns winning the bid. Japanese companies are usually more "carrying groups". This way seems to have become a "regulation" for Japanese companies.
In Zhang Zhiyong's view, one of the purposes of China's anti-monopoly investigation of Japanese parts and components companies is to try to pave the way for local parts companies to enter the global procurement system of Japanese and other factions. At present, the dependence of domestic automakers on Japanese parts is still relatively high. According to statistics from China Research Institute, in 2013, China's auto parts imported from Japan amounted to US$9.58 billion, accounting for 27% of total imports. Among them, core spare parts, such as gearboxes, clutches, etc., accounted for 45% of imports, and brakes accounted for 33%.
The director of Greater China, a secondary supplier to the Japanese car supply chain, said in an interview with this reporter that compared with German and American car companies, the supply chain of Japanese and Korean car companies is indeed relatively closed, but Nissan Japanese automakers such as Toyota and other Japanese automakers have been advancing internationally and gradually liberalized non-Japanese suppliers. The company is a US-funded enterprise. After its products enter Volvo, Volkswagen and other car companies, it has passed a long period of certification. Later, it has also entered the Japanese car supply chain. To enter the supply chain of Japanese car companies, on the one hand, it must have outstanding advantages in technology. On the other hand, it must conduct business in Japan, break through from the headquarters of Japanese companies, and purchase general parts and components are uniformly purchased by the headquarters of Japanese car companies.

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