Bridgestone, based in Tokyo, engaged in a conspiracy to allocate sales and fix prices of anti-vibration rubber parts installed in cars sold in the U.S., the department said in a statement today.
The case stems from the Justice Department’s ongoing antitrust investigation into price-fixing and bid-rigging in the auto-parts industry. Companies have agreed to pay a total of more than $2 billion in criminal fines.
In October 2011, Bridgestone pleaded guilty and paid a $28 million fine for price-fixing and violating anti-bribery laws. At the time, it didn’t disclose that it had also participated in the anti-vibration rubber parts conspiracy, the U.S. said.
A phone call to Bridgestone wasn’t immediately returned.
To contact the editor responsible for this story: Sara Forden at email@example.com