US Fines Japan Auto Parts Makers $740M For Price-Fixing

Law360, New York (September 26, 2013, 1:44 PM EDT) -- Nine Japanese-based auto parts makers have agreed to pay $740 million in fines and two executives have agreed to plead guilty to their roles in international price-fixing conspiracies that increased the cost of cars sold in the United States, U.S. Attorney General Eric Holder said Thursday.

The alleged price-fixing affected dozens of products that were sold to some of the largest automobile manufacturers in the U.S., including General Motors, Chrysler and Ford, Holder said. Among the parts affected by the alleged price-fixing were windshield wipers, air...
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