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Auto parts makers fined, executives go to prison for price fixing

Japanese suppliers will pay criminal fines of more than $500 million after being caught in a massive auto parts price-fixing scheme, and four Japanese executives will serve U.S. jail terms as part of a plea deal, the Department of Justice said.

Japanese auto suppliers fined for price fixing

Two Japanese auto parts suppliers will pay more than a half billion dollars for price fixing in a vast conspiracy in the US automotive market, the Justice Department said Monday.

Two more Japanese auto parts makers admit to price-fixing scheme

A conspiracy stretching from the U.S. heartland to Tokyo and Europe stayed undetected for years, letting a handful of suppliers control the market in automotive wiring, the Justice Department says. For more than a decade, executives at several major Japanese auto parts makers met in secret, sometimes speaking in code, to fix prices on wiring harnesses and other crucial components.

Japanese to pay fines for auto parts price fixing

Two Japanese auto parts suppliers will pay more than a half billion US dollars for price fixing in a vast conspiracy in the US automotive market, the US Justice Department says.

Past local execs of Japanese auto-parts supplier admit price-fixing

An office on the Far West Side was part of a price-fixing conspiracy that lasted 10 years and spanned two continents, according to a federal plea deal reached today. Honda and its customers are among the victims of the scheme, which set prices of certain auto parts.