The Auto Parts Investigations: Lessons From The 1st Year
Law360, New York (August 29, 2012, 2:20 PM EDT) -- When the U.S. Department of Justice Antitrust Division announced on Sept. 29, 2011 that Furukawa Electric Co. Ltd. and three of its executives had agreed to plead guilty to price fixing and bid rigging of wiring harnesses in vehicles sold in the U.S., the U.S. auto industry was surprised. How could the purchasing staffs of the vehicle manufacturers, with their well-deserved reputations for driving down prices through hard-nosed negotiations, have allowed this to happen?
Sure, the industry seemed to be victimized in past matters such as the air cargo or corrugated cardboard cases but those affected many industries, not just automobiles,...
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