- Associated Press - Friday, October 31, 2014

TOLEDO, Ohio (AP) - The U.S. Justice Department says a Japanese auto parts manufacturer has agreed to pay a $1.25 million fine and to plead guilty to fixing prices and rigging bids for various parts sold to automakers in the U.S.

The federal government says Hitachi Metals Ltd. was charged in U.S. District Court in Toledo on Friday. The government is accusing the Tokyo-based company of conspiring to fix the prices of brake hose sold to Toyota Motor Corp.

The Justice Department says Hitachi Metals has agreed to cooperate in the criminal case.

A message seeking comment was left with Hitachi Metals on Friday.

LOAD COMMENTS ()

 

Click to Read More

Click to Hide