Yazaki Executive Agrees to Plead Guilty to Price Fixing
An executive of Tokyo-based Yazaki Corp. agreed to plead guilty for his role in a conspiracy to fix prices of auto components sold in cars in the U.S., the Justice Department said.
Toshio Sudo, a Japanese national, was charged with engaging in a conspiracy to rig bids and prices for instrument panel clusters, also known as meters, made by the closely held company, the Justice Department said today in an e-mailed statement.
Sudo agreed to serve a 14-month jail sentence in the U.S., pay a $20,000 fine and cooperate with the continuing probe into bid rigging and price fixing in the auto-parts industry.
Including today’s plea agreement, the Justice Department has charged seven companies, 11 people and secured fines for more than $785 million in connection with antitrust violations in the industry.
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