TRW Unit To Pay $5.1M In Auto Parts Price-Fixing Deal

Law360, New York (July 30, 2012, 6:24 PM EDT) -- TRW Automotive Holdings Corp.'s German unit agreed Monday to pay $5.1 million to resolve criminal charges in Michigan federal court that it conspired to fix prices for seat belts, air bags and steering wheels for cars sold in the U.S.

TRW Deutschland Holding GmbH admitted to conspiring to rig bids and fix prices for the three types of auto parts sold to German carmakers who installed the products in cars ultimately sold in the U.S. from January 2008 until at least June 2011, according to the...
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