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Tag Archives: price fixing
Bridgestone Latest Japanese Scofflaw as Auto Supplier Price Fixing Scandal Expands Yet Again
Including Bridgestone, 26 companies have pleaded guilty or agreed to plead guilty in the department’s ongoing investigation into price fixing and bid rigging in the automotive parts industry. Continue reading
Posted in fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, Ken Zino, price fixing
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More Japanese Price Fixing. Diamond Electric Execs Guilty
Including the latest charges, 28 individuals and 24 companies have caught in the government’s ongoing investigation into price fixing and bid rigging in the auto parts industry. Continue reading
Posted in fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, Ken Zino, price fixing
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More Japanese Price Fixing from Stanley Electric
While the Obama Administration is pushing forward on a secret and job-destroying trade agreement with Japan, another Japanese company, Stanley Electric is caught as part of a huge price fixing cartel, which is hurting the U.S. auto industry and autoworkers as Oriental disdain for U.S. law continues unabated Continue reading
Posted in fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, Ken Zino, price fixing, stanley electric
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Japanese Price Fixing Scandal Expands with Two More Indictments and Prison Sentences for Three Takata Executives
Including Hayashi and Nonoyama, 21 companies and 26 executives thus far have been charged in the Justice Department’s ongoing investigation into the automotive parts industry. To date, more than $1.6 billion in criminal fines have been obtained and seventeen of the charged executives have been sentenced to serve time in U.S. prisons or have entered into plea agreements calling for significant prison sentences. Continue reading
Posted in auto news
Tagged autoinformed, autoinformed.com, doj, Ken Zino, price fixing, takata, Yamashita Rubber
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Nine Japanese Auto Parts Firms Guilty of Price Fixing
Including those announced today, 20 companies and 21 executives have been charged in the Antitrust Division’s ongoing investigation into price fixing and bid rigging in the auto parts industry, in a scandal that keeps on growing in size and raises serious systemic corruption issues for some of the largest and respected Japanese firms. AutoInformed predicts more indictments are coming. Continue reading
Posted in auto news, fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, japanese price fixing, Ken Zino, price fixing
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Two Fujikura Executives Indicted for Price Fixing
A federal grand jury in Detroit returned an indictment against two Fujikura Ltd. executives for their roles in an international conspiracy to fix prices of auto parts used in automotive wire harnesses sold to Subaru and installed in U.S. cars. Continue reading
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Tagged autoinformed, autoinformed.com, doj, Ken Zino, price fixing, sherman act
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G.S. Electech Executive Indicted for Price Fixing
The criminal charge was the first to be filed in Kentucky where Toyota has extensive operations as part of an ongoing Department of Justice investigation into anti-competitive conduct in the automotive parts industry. Continue reading
Posted in fools 'n frauds, litigation
Tagged autoinformed, autoinformed.com, doj, Ken Zino, price fixing, toyota
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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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Taiwan Auto Lights Maker Guilty of Price Fixing
A Taiwan-based auto lights manufacturer and its aftermarket U.S. distributor have pleaded guilty for participating in a seven-year, international conspiracy to fix the prices of auto lights. Tainan County, Taiwan-based Eagle Eyes Traffic Industrial Company and its U.S. subsidiary, Chino, … Continue reading
Yazaki Exec Guilty of Price Fixing Sentenced to 14 Months
An executive of Tokyo-based Yazaki Corporation pled guilty for his role in a conspiracy to fix prices of instrument panel clusters today in a U.S. District court in Detroit. Toshio Sudo from Japan is the 11th executive to be charged in the government’s ongoing investigation into price fixing and bid rigging in the auto parts industry. The sweeping investigation, which is ongoing, has implicated some of the auto industry’s largest suppliers, most of them Japanese. Yazaki manufactures and sells a variety of automotive parts, and is a major supplier to Japanese automakers, among other firms. Continue reading
Posted in auto news, fools 'n frauds, litigation, news, people
Tagged auto informed, autoinformed.com, automotive news, doj, Ken Zino, price fixing
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TRW Guilty of Price Fixing Seatbelts, Airbags, Steering Wheels
TRW Deutschland pled guilty to price fixing seatbelts, airbags and steering wheels sold to two German automobile manufacturers, and installed in cars sold in the United States yesterday. 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
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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Tokyo Based Fujikura Guilty of Auto Parts Price Fixing
To date, including Fujikura, eight executives and five companies have been charged and have pled guilty in the department’s ongoing antitrust investigation into the auto parts industry. 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
Posted in auto news, fools 'n frauds, litigation, people, prices
Tagged antitrust, auto informed, autoinformed.com, automotive news, doj, fujikura, Ken Zino, price fixing, sherman act
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G.S. Electech Guilty of Price Fixing Auto Parts
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
Posted in auto news, litigation, news, results
Tagged auto informed, auto parts price fixing, autoinformed.com, automotive news, doj, g.s. electech, Ken Zino, price fixing, sherman act
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