US fines Japanese auto parts makers
Sep 26, 2013 | 06:20 PM
| Corinna Petry
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.....
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.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.