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Tag Archives: yazaki
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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DENSO Exec Pleads Guilty to Price Fixing on Auto Parts
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
Japanese Suppliers Yazaki, Denso Plead Guilty of Price Fixing
The two-year price fixing sentences would be the longest imprisonment imposed on a foreign national for a Sherman Act antitrust violation. The fine amounts and prison sentences are subject to court approval and the potential influence of the U.S. State Department, which based on previous actions, cares little – if at all – in my opinion about competitive aspects of the U.S. auto industry or its effects on workers and the U.S. economy. In fact it can be argued that since the end of World War Two, State has actively pursued policies that strengthen offshore competitors of U.S. firms at the expense of the U.S. middle class. Continue reading
Posted in auto news, fools 'n frauds, litigation, news, news analysis, people, results
Tagged auto informed, auto parts big rigging, autoinformed.com, automotive news, denso, department of justice, honda, japanese price fixing, Ken Zino, sherman antitrust act, state department, toyota, yazaki
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