Japanese Auto Parts Co. Pleads Guilty In Price-Fixing Probe

Law360, New York (April 3, 2012, 6:13 PM EDT) -- Japanese auto parts maker G.S. Electech Inc. has agreed to plead guilty in Michigan federal court and pay a $2.75 million fine in connection with a price-fixing scheme involving wire parts for anti-lock brake systems installed in U.S. cars, the U.S. Department of Justice said Tuesday.

The plea comes months after three other Japanese auto parts manufacturers — Yazaki Corp., Denso Corp. and Furukawa Electric Co. Ltd. — copped to their roles in alleged auto parts price-fixing schemes, including one involving wire parts, and agreed to...
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