Another exec pleads guilty to auto parts price-fixing scheme
Aug 21, 2012 | 09:38 AM
| Corinna Petry
Tags
Yazaki Corp.,
Toshio Sudo,
price fixing,
bid rigging,
instrument panel cluster,
Justice Department,
FBI,
Scott Hammond
corinna petry
CHICAGO — An executive of Tokyo-based Yazaki Corp. has agreed to plead guilty for his role in an alleged conspiracy to fix the prices of instrument panel clusters, also known as meters, installed in vehicles sold in the United States and elsewhere, the U.S. Justice Department said.
Toshio Sudo is the 11th executive to be charged in the government’s ongoing investigation into alleged price-fixing and bid-rigging in the auto parts industry. As part of a plea agreement, Sudo will serve 14 months in a U.S. prison and pay a $20,000 fine, and has agreed to cooperate with the continuing investigation.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute — no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Subscribe Now
Click Here
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.
Take a Free trial
Click Here