2 More Execs Indicted In Auto Parts Price-Fixing Probe

Law360, New York (November 21, 2013, 4:57 PM EST) -- A federal grand jury indicted two executives of a Japanese automotive supplier for their alleged involvement in a conspiracy to fix the prices of anti-vibration car components sold to Toyota Motor Corp. and drive up the cost of the automaker’s vehicles, the U.S. Department of Justice announced Thursday.

The indictment, filed Wednesday, charged Masao Hayashi and Kenya Nonoyama over their alleged roles in a 12-year scheme to allocate the supply of, rig bids for and raise the prices of stabilizing parts, such as engine mounts and...
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