US fines Japanese auto parts makers

Sep 26, 2013 | 06:20 PM | Corinna Petry

Tags  price fixing, Japan, auto parts suppliers, U.S. automakers, fines, U.S. Antitrust Div., Chrysler Group LLC., Ford Motor Co. General Motors Co.

CHICAGO — Nine Japan-based companies and two executives have agreed to plead guilty and to pay a combined $740 million in fines for conspiring to fix the prices of more than 30 products sold to U.S. automakers and installed in vehicles sold domestically and abroad.

Price-fixed parts were sold to Chrysler Group LLC, Ford Motor Co. and General Motors Co., as well as the U.S. subsidiaries of Honda Motor Co. Ltd., Mazda Motor Corp., Mitsubishi Motors Corp., Nissan Motor Co. Ltd., Toyota Motor Corp. and Fuji Heavy Industries Ltd.’s Subaru vehicle line, the U.S. Justice Department said.....

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