Takata Execs to Plead Guilty to Price Fixing

Three Takata Corp. managers have agreed to plead guilty to one charge each that they conspired to fixes prices of seatbelts over a period of seven years, according to the U.S. Dept. of Justice.

The men are Yoshinobu Fujino, former manager on the Toyota account in Japan and vice president for sales to Japanese carmakers in the U.S.; Saburo Imamiay, former general manager for sales to Toyota Motor Corp. in Japan; and Yasuhiko Ueno, former senior vice president of sales with Takata's TK Holdings unit in Auburn Hills, Mich.

The Justice Dept. says the men rigged prices on seatbelts for Honda, Mazda, Nissan, Subaru and Toyota vehicles. The trio will each pay a $20,000 fine and serve 14-19 months in prison, according to the Dept. of Justice.

The three men join a fourth former Takata executive, Gary Walker, who also pleaded guilty to conspiracy last month. The company also agreed in October to plead guilty for its involvement.