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Tag Archives: bid rigging
Two Denso Executives Plead Guilty to Price Fixing
The plea bargain entered appears to be just that, a bargain for the criminals. Continue reading
Posted in auto news
Tagged autoinformed, autoinformed.com, bid rigging, denso, Ken Zino, price fixing, toyota
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Nippon Seiki to Plead Guilt of Price Fixing on Instrument Panels
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
Posted in auto news, fools 'n frauds, litigation, news, people
Tagged auto informed, auto parts price fixing, autoinformed.com, automotive news, bid rigging, doj, Ken Zino, Nippon Seiki, price fxing
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TRW Guilty of Price Fixing Seatbelts, Airbags, Steering Wheels
TRW Deutschland pled guilty yesterday to price fixing seatbelts, airbags and steering wheels sold to two German automobile manufacturers, and installed in cars sold in the United States. This is the second case filed over occupant safety systems sold to auto manufacturers as part of the department’s ongoing antitrust auto parts investigation. Continue reading
Posted in auto news, fools 'n frauds, litigation, news analysis, people, prices
Tagged auto informed, autoinformed.com, automotive news, bid rigging, doj, Ken Zino, price fixing, trw price fixing
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Yazaki Exec and Autoliv Plead Guilty on Price Fixing Auto Parts
This is the first case filed relating to occupant safety systems sold to auto manufacturers as part of the DOJ’s ongoing antitrust auto parts investigation. An executive of Japan-based Yazaki Corporation has also agreed to plead guilty for his role in a separate conspiracy to fix prices of automotive wire harnesses and related products installed in U.S. cars. Continue reading
Posted in auto news, fools 'n frauds, litigation, news, people
Tagged auto informed, autoinformed.com, automotive news, bid rigging, doj, honda, Ken Zino, price fixing, yazaki
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Another DENSO Exec Guilty of Price Fixing and Bid Rigging
According to the latest charge, Hattori participated in the conspiracy from at least as early as July 2005, until at least July 2008. During the conspiracy, Hattori was an assistant manager in the Toyota Sales Division at DENSO from July 2005 until December 2006, and a manager in the Toyota Sales Division from December 2006 until at least July 2008. Continue reading
Posted in auto news, fools 'n frauds, litigation, news analysis, people
Tagged auto informed, autoinformed.com, automotive news, bid rigging, denso, doj, Ken Zino, price fixing
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