Breaking News, World News and Taiwan News.

Probe fines Japanese auto parts firm US$17.7 mil. on price-fixing

DETROIT -- Another Japanese auto parts supplier pled guilty Tuesday in a far reaching U.S. probe into price fixing in the auto industry, which has now snared nine different companies on three continents.

Nagoya, Japan-based Tokai Rika Co. agreed to plead guilty and to pay a US$17.7 million criminal fine for its role in a conspiracy to fix prices of heater control panels, the Department of Justice said in a statement.

Tokai Rika also agreed to plead guilty to obstruction of justice related to the investigation.

Write a Comment
CAPTCHA Code Image
Type in image code
Change the code
 Receive China Post promos
 Respond to this email
WSJA
Subscribe  |   Advertise  |   RSS Feed  |   About Us  |   Career  |   Contact Us
Sitemap  |   Top Stories  |   Taiwan  |   China  |   Business  |   Asia  |   World  |   Sports  |   Life  |   Arts & Leisure  |   Health  |   Editorial  |   Commentary
Travel  |   Movies  |   TV Listings  |   Classifieds  |   Bookstore  |   Getting Around  |   Weather  |   Guide Post  |   Student Post  |   English Courses  |   Terms of Use  |   Sitemap
  chinapost search