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You are here: Home / News / Auto Door Latch Manufacturer to Plead Guilty to Bid Rigging, Pay $6.1 Million Fine

Auto Door Latch Manufacturer to Plead Guilty to Bid Rigging, Pay $6.1 Million Fine

March 14, 2017 By CollisionWeek Editor

Kiekert AG, an automotive parts manufacturer based in Heiligenhaus, Germany, has agreed to plead guilty and to pay a $6.1 million criminal fine for its role in a conspiracy to rig bids of side-door latches and latch minimodules installed in cars sold in the United States and elsewhere, the Department of Justice announced today. 

According to a one-count felony charge filed in the U.S. District Court for the Eastern District of Michigan, Kiekert participated in a conspiracy to eliminate competition by agreeing to allocate sales, rig bids and fix prices for side-door latches and latch minimodules sold to Ford Motor

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Filed Under: News Tagged With: Antitrust, Department of Justice

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