Mexican Media Brands
U.S. Fines Japan’s Omron $4.6 Million for Price Fixing
The U.S. Dept. of Justice says Japan’s Omron Automotive Electronics Co. has agreed to plead guilty to criminal price fixing and pay a $4.6 million fine.
#legal #electronics
Share
The U.S. Dept. of Justice says Japan’s Omron Automotive Electronics Co. has agreed to plead guilty to criminal price fixing and pay a $4.6 million fine.
The company is accused of conspiring with other suppliers to set prices on window switches used in Honda Civic small sedans during the 2006-2011 model years. The charges are part of an international investigation into vehicle component bid rigging that began five years ago.
The Justice Dept. says it so far has prosecuted 39 companies and 58 executives and levied more than $2.6 billion in criminal fines.
RELATED CONTENT
-
Ghosn Indicted on Two More Charges in Japan
Prosecutors in Japan have prolonged jail time for former Nissan Motor Co. Chairman Carlos Ghosn by filing two new charges against him.
-
Four Auto Companies Rank Among the World's Most Ethical
GM and Cooper Standard make the list for the first time, joining long-running honorees Aptiv and Cummins
-
Ex-FCA Official Pleads Guilty in Labor Training Fund Scandal
Alphons Iacobelli, a former head of labor relations for Fiat Chrysler Automobiles NV in the U.S., has pleaded guilty of stealing millions of dollars from an employee training fund.