Filed under: Aftermarket, Government/Legal, Japan
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Three Japanese executives at Takata are set to plead guilty to price fixing charges, after the company itself agreed to pay a $71.3-million anti-trust fine. Takata supplies a number of components for automakers, but may be best known for its distinctive green racing seatbelts.
The report from the US Department of Justice says that the three executives - Yasuhiko Ueno, Sabora Imamiya and Yoshinobu Fujino - stand accused of conspiring to rig the price of seatbelts sold to the US operations of Toyota, Subaru, Honda, Mazda and Nissan. They’re expected to face anywhere from 14 to 19 months in jail.
Takata and its executives are just the latest to be indicted on price-fixing and anti-trust charges, as part of a massive crackdown that’s already seen the DoJ hand out $740 million in fines to major Japanese parts suppliers that do business with American companies.
Scroll down for the official press release from the US Department of Justice.Continue reading Execs at supplier Takata to plead guilty to price fixing
Execs at supplier Takata to plead guilty to price fixing originally appeared on Autoblog on Tue, 26 Nov 2013 08:30:00 EST. Please see our terms for use of feeds.
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