Thursday, Dec 08, 2016
One of America's Great Newspapers ~ Toledo, Ohio

Automotive

Japanese supplier to pay $20M in price fixing

DETROIT -- Tokyo-based auto supplier Fujikura Ltd. has agreed to pay a $20 million criminal fine and cooperate with the U.S. government’s ongoing investigation into price fixing in the industry.

According to a one-count felony charge filed Monday in federal court in Detroit, the company was involved in a conspiracy to rig bids and fix prices for auto parts from January, 2006, to at least February, 2010.

Fujikura sold automotive wire harnesses, which control the car’s electric components. The parts were sold to automakers in the United States and elsewhere.

Fujikura is the fifth Japanese company charged as part of the Justice Department’s investigation.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2015 Toledo Blade

To Top

Fetching stories…