Three Takata Executives Charged with Wire Fraud and Conspiracy Tokyo-based Takata Corporation agreed on Friday agreed to plead guilty to wire fraud and pay a total of $1 billion in criminal penalties stemming from the company’s fraudulent conduct in relation to sales of defective airbag inflators. An indictment was also unsealed charging three Takata executives […]
Japanese Auto Parts Company Pleads Guilty to Antitrust Conspiracy
Company Agrees to Pay $7.2 Million Criminal Fine Usui Kokusai Sangyo Kaisha Ltd. (Usui), an automotive parts manufacturer based in Shimizu, Japan, has agreed to plead guilty and pay a $7.2 million criminal fine for its role in a criminal conspiracy involving automotive steel tubes sold to automobile manufacturers in the United States and elsewhere, […]
Auto Parts Executives Indicted for Obstruction of Justice
A federal grand jury in the U.S. District Court for the Eastern District of Michigan returned an indictment charging one current automotive parts industry executive and one former automotive parts industry executive with conspiring to obstruct a federal investigation. The current executive also was charged with attempted obstruction of justice, the U.S. Justice Department announced. […]
Auto Parts Manufacturer Pleads Guilty in Price-Fixing and Bid-Rigging Conspiracy
Alpha Corporation will pay $9 million fine. Marks 46th company charged with price-fixing auto parts. The U.S. Justice Department announced that Alpha Corporation has agreed to plead guilty and to pay a $9 million criminal fine for its role in a price-fixing and bid-rigging conspiracy involving automotive access mechanisms such as door handles and lock […]
Japanese Auto Parts Maker to Pay $130 Million Fine in Anti-Trust Case
The U.S. Justice Department announced yesterday that Nishikawa Rubber Co. Ltd. has agreed to plead guilty and pay a $130 million criminal fine for its role in a conspiracy to fix the prices of and rig the bids for automotive body sealing products installed in cars sold in the U.S. According to charges filed yesterday […]
OEM Auto Parts Supplier to Pay $66.5 Million for Fixing Parts Prices
The ongoing price fixing investigations being conducted by the U.S. Department of Justice Antitrust Division and the Federal Bureau of Investigation netted its latest guilty pleas. Corning International Kabushiki Kaisha (Corning International K.K.) has agreed to plead guilty and pay a $66.5 million criminal fine for conspiring to fix prices, rig bids and allocate the […]
U.S. Files Complaint Against Volkswagen on Clean Air Act Violations
The U.S. Department of Justice (DOJ), on behalf of the Environmental Protection Agency (EPA), yesterday filed a civil complaint in federal court in Detroit, Mich., against Volkswagen AG, Audi AG, Volkswagen Group of America Inc., Volkswagen Group of America Chattanooga Operations LLC, Porsche AG and Porsche Cars North America Inc. The complaint alleges that nearly […]
SCRS Asks U.S. Attorney General to Investigate Antitrust Violations
The Society of Collision Repair Specialists (SCRS) announced that it is joining the efforts of a number of collision repair organizations across the country in its request to the Department of Justice, and U.S. Attorney General Eric Holder, to investigate violations of federal antitrust laws by automobile insurance companies. “Stemming from the circulation of a […]
CT Association Petitions US Attorney General to Stop Antitrust Violations
The Auto Body Association of Connecticut is launching a national petition to the United States Attorney General Eric H. Holder, Jr. requesting that his office investigate violations of federal antitrust laws by insurance companies serving the private passenger automobile industry. According to William Romaniello, III, Connecticut shop owner and legislative director for the Auto Body […]