Tag Archives: auto parts price fixing

Nippon Seiki to Plead Guilt of Price Fixing on Instrument Panels

Posted on 28 August 2012 by Ken Zino

Nagoka, Japan-based Nippon Seiki Company has agreed to plead guilty and to pay a $1 million criminal fine for its role in a conspiracy to fix prices of instrument panel clusters installed in cars sold in the United States and elsewhere, the Department of Justice announced today. Including Nippon Seiki, eight companies and 11 executives – most of them Japanese – have been charged in the department’s ongoing investigation into price fixing and bid rigging in the auto parts industry. Continue reading →

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G.S. Electech Guilty of Price Fixing Auto Parts

Posted on 3 April 2012 by Ken Zino

Including G.S. Electech, eight executives and four companies have now been charged and have agreed to plead guilty in the ongoing price fixing investigation so far. Three of the companies have pleaded guilty and have been sentenced to pay criminal fines totaling more than $748 million. Seven of the executives have pleaded guilty and have been sentenced to serve a total of more than 122 months in jail. Continue reading →

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DENSO Exec Pleads Guilty to Price Fixing on Auto Parts

Posted on 26 March 2012 by Ken Zino

The plea agreement, which is subject to court approval, requires Imai serve one year and one day in a U.S. prison, to pay a $20,000 criminal fine and to cooperate with the department’s ongoing investigation. Imai is charged with price fixing in violation of the Sherman Act, which normally carries a maximum sentence of 10 years in prison and a $1 million or greater criminal fine for individuals. Continue reading →

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