Takata Forks Over $71M In DOJ Seat Belt Price-Fixing Probe

Law360, New York (October 10, 2013, 6:52 PM EDT) -- Japanese auto parts maker Takata Corp. agreed Thursday to pay a $71.3 million fine as part of a plea agreement for its role in an alleged conspiracy to fix prices on seat belts sold to car manufacturers.

Takata becomes the latest company to settle antitrust charges in an ongoing probe by the U.S. Department of Justice into price-fixing and bid-rigging in the automotive parts industry. To date, the probe has yielded charges against 20 auto companies and 21 executives and more than $1.6 billion in penalties....
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