Bridgestone to Pay $425 Million Fine in Price-Fixing Case
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Bridgestone Corp., the Tokyo-based tiremaker, agreed to pay a $425 million fine and plead guilty to conspiring to fix prices for auto parts in a U.S. criminal probe that has ensnared more than two dozen companies.
Bridgestone engaged in a conspiracy to allocate sales and fix prices of anti-vibration rubber parts installed in cars sold to automakers including Toyota Motor Corp. and Nissan Motor Co., the Justice Department said in a statement today.