Japanese Auto Parts Co. To Pay $6.9M Over Price-Fixing Plot

Law360, New York (February 3, 2014, 4:11 PM EST) -- Japan's Aisan Industry Co. Ltd. on Monday agreed to pay $6.86 million and plead guilty for fixing prices on electronic throttle bodies in cars, becoming the 25th company to be charged in the U.S. Department of Justice's ongoing antitrust probe into the auto parts industry.

Aisan took part in a conspiracy lasting nearly seven years to rig bids for and fix prices on electronic throttle bodies, sold to Nissan Motor Co. Ltd. and its various subsidiaries in the U.S. and elsewhere, according to a one-count criminal...
To view the full article, register now.