Auto supplier to pay $20M price-fixing fine
Apr 24, 2012 | 05:37 PM
| Corinna Petry
Tags
Fujikura,
wire harness,
auto supplier,
Justice Department,
antitrust,
G.S. Electech,
corinna petry
CHICAGO — Fujikura Ltd., a producer of automotive copper wire harnesses, has agreed to plead guilty and pay a $20-million fine for its role in an alleged auto parts price-fixing and bid-rigging conspiracy, the U.S. Justice Department said.
Tokyo-based Fujikura was one of several wire harness producers who allegedly rigged bids and fixed, stabilized and maintained prices for global automakers from early 2006 to early 2010. Justice said the company has agreed to cooperate in its ongoing investigation.....
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