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Ex-Hitachi Exec Gets 15-Month Prison Sentence for Price Fixing
Takashi Toyokuni, a former manager with Hitachi Automotive Systems Ltd., has pleaded guilty and sentenced to 15 months in a U.S. prison for conspiring to fix prices on multiple components supplied to Ford, General Motors, Honda, Nissan and Toyota.
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Takashi Toyokuni, a former manager with Hitachi Automotive Systems Ltd., has pleaded guilty and sentenced to 15 months in a U.S. prison for conspiring to fix prices on multiple components supplied to Ford, General Motors, Honda, Nissan and Toyota.
The U.S. Dept. of Justice says Toyokuni and other co-conspirators rigged bids and controlled prices for air flow meters, alternators, electronic throttle bodies, fuel injection systems, ignition coils, starter motors and valve timing control systems between 2000 and 2010.
Toyokuni is the 52nd individual charged with price fixing in the Justice Dept.'s continue investigation into anticompetitive behavior in the auto parts business. Hitachi Automotive Systems agreed in 2013 to pay a $195 million criminal fine.
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