DOJ Indicts Panasonic Executive Over Auto Parts Cartel

Law360, New York (September 24, 2013, 8:13 PM EDT) -- A federal grand jury indicted a Panasonic Automotive Systems Corp. executive Tuesday for allegedly conspiring to fix the prices of switches and steering angle sensors purchased by Toyota Motor Corp., the latest charges in the U.S. Department of Justice's auto parts industry probe.

Prosecutors charged Shinichi Kotani, director of global automotive marketing and sales at Panasonic, with conspiring to rig bids and fix prices of auto parts sold to Toyota for the better part of a decade, the DOJ said.

According to the indictment, the Japanese...
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