- Posted March 28, 2012
- Tweet This | Share on Facebook
Auto parts executive pleads guilty to price fixing
DETROIT (AP) -- An executive at Japanese auto parts supplier Denso Corp. will serve a one-year prison sentence for price fixing.
The U.S. Department of Justice said Monday that Norihiro Imai pleaded guilty to rigging bids and fixing prices on heater control panels. Imai will pay a $20,000 fine and cooperate with an ongoing investigation.
Imai is one of eight individuals and three companies charged in the government's investigation of the auto parts industry. Yazaki Corp., Furukawa Electric Co. and Denso have all pleaded guilty to the charges and were ordered to pay a combined $748 million in fines.
The government alleges that the companies sold parts to car companies at inflated prices for at least a decade. The investigation has been the largest in the history of the Justice Department's antitrust division.
Published: Wed, Mar 28, 2012
headlines Oakland County
- Judge’s memorial unveiled
- Department of Justice indicts eight conspirators who threatened University of Michigan officials, businesses, and the Jewish Federation
- Michigan overdose death rate declines by 47 percent since 2021
- Nessel reminds residents to research home improvement offers
- Justice dept. encourages communities to apply for nearly $700m in grants to support law enforcement around the country
headlines National
- Bill Kurtis’ memoir tells how law school trained him for covering trials
- ACLU and BigLaw firm use ‘Orange is the New Black’ in hashtag effort to promote NY jail reform
- Justice Barrett’s home targeted in attempted swatting call
- Texting-and-driving charges dropped against woman without right hand
- Fender warns guitar makers to stop producing Stratocaster look-a-likes
- General counsel compensation climbs, aligned with equity and company scale
