Mexican Media Brands
Yamada Admits Price-Fixing Role
Japan's Yamada Manufacturing Co. has agreed to plead guilty and pay a $2.5 million criminal fine for fixing prices on steering columns it supplied to Honda Motor Co. in the U.S.
#legal
Share
Japan's Yamada Manufacturing Co. has agreed to plead guilty and pay a $2.5 million criminal fine for fixing prices on steering columns it supplied to Honda Motor Co. in the U.S.
The Dept. of Justice says Yamada conspired with unidentified others to rig bids between 2007 and 2012 or longer. The company has agreed to cooperate in the department's continuing investigation into price fixing involving dozens of companies and components.
The Justice Dept. says 35 companies and 29 of their executives have so far pleaded guilty to conspiracy charges or agreed to do so. The U.S. effort is part of a global investigation into price fixing among auto suppliers.
RELATED CONTENT
-
VW Asks to Delay U.S. Diesel Emission Trials Over Hitler Reference
Volkswagen AG has asked a judge to delay several U.S. lawsuits involving rigged diesel emission controls because a lawyer representing hundreds of VW customers made “inflammatory” comments about the company.
-
Tesla Faces Second Autopilot Fatality Lawsuit
Tesla Inc. has been sued for the second time in three months by families of drivers killed in crashes while using the company’s Autopilot semi-self-driving feature.
-
U.S. Justice Dept. Asks VW to Delay Diesel Cheating Report
The U.S. Dept. of Justice has asked Volkswagen AG not to release findings of an independent probe into the German carmaker's diesel emission cheating scandal.