Nissan’s Supplier Payment Cuts Draw Ire of Antitrust Regulator
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The Japan Fair Trade Commission reprimanded Nissan Motor Co. over its practice of slashing payments to top suppliers by about ¥3 billion ($20.3 million).
Nissan violated the Subcontract Act by targeting 36 tier-1 suppliers from January 2021 to April last year, according to the commission’s findings. The Japanese company, though, said it refunded the amount to suppliers last Jan. 31.