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Japanese auto suppliers to pay price-fixing fine

Originally published: January 30, 2012 3:50 PM
Updated: January 31, 2012 11:35 AM
By THE ASSOCIATED PRESS

Quick Read2 Japanese parts suppliers to pay $548 million for fixing prices to US automakers; 4 get jail

Yazaki North America headquarters are shown in Canton,

Photo credit: AP Photo | Yazaki North America headquarters are shown in Canton, Mich., Wednesday, Feb. 24, 2010.

Two Japanese auto suppliers have agreed to pay more than half a billion dollars in criminal fines for a price-fixing conspiracy in the sale of parts to U.S. automakers, the Justice Department announced Monday.

Yazaki Corp. agreed to pay a $470 million fine, the second-largest criminal fine obtained for a Sherman Act antitrust violation. The second company, DENSO Corp., agreed to pay a $78...

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