Two major Japanese auto suppliers have agreed to pay a total of $548 million in criminal fines for their involvement in multiple price-fixing and bid-rigging conspiracies.Four of their executives, all Japanese nationals, agreed to plead guilty and serve prison time in the United States, the Justice Department said Monday.
The Justice Department investigated schemes by the suppliers to keep the price of instrument panel clusters and other parts high. Yazaki Corp. has agreed to pay a $470 million criminal fine, the second-largest antitrust penalty obtained for an antitrust violation. Denso Corp. has agreed to pay a $78 million criminal fine.
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