A Japanese auto supplier of fuel gauges, speedometers and instrument clusters has become the eighth company to plead guilty in a widening federal crackdown on automotive supplier price-fixing.
Nagaoka, Japan-based Nippon Seiki Co. Ltd., which houses its NS International Ltd. headquarters in suburban Detroit, will pay $1 million and plead guilty to one count of conspiracy to restrain trade in violation of the Sherman Antitrust Act, in a deal disclosed today with the U.S. Department of Justice Antitrust Division.
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