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A former Takata Corp. sales executive faces criminal charges that carry a maximum prison term of 10 years.
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The U.S. Dept. of Justice (DOJ) is fining nine auto parts suppliers a total of $740 million in what the DOJ described as “separate conspiracies” to fix the prices of more than 30 different products sold to U.S. auto manufacturers and the U.S. subsidiaries of a number of Japanese automakers.
Read More →WASHINGTON – TRW Deutschland Holding GmbH, a Germany-based subsidiary of U.S.-based TRW Automotive Holdings Corp., has agreed to plead guilty for its involvement in a conspiracy to fix prices of seatbelts, airbags and steering wheels. The parts were sold to two German automobile manufacturers and installed in cars sold in the U.S., the Department of Justice announced.
Read More →WASHINGTON – Stockholm-based Autoliv Inc. has agreed to plead guilty for its role in a conspiracy to fix prices of seatbelts, airbags and steering wheels installed in U.S. cars, as well as the company’s role in a separate conspiracy to fix prices of seatbelts, the Department of Justice announced.
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