Sales Executive Gets Prison Sentence for Auto Parts Price Fixing
A former manager and director of a Japanese company has pleaded guilty and been sentenced to serve 15 months in a U.S. prison for his role in a global conspiracy to suppress and eliminate competition for certain automotive parts sold in the United States, the Department of Justice announced April 23. He also agreed to pay a $20,000 criminal fine and cooperate with the DOJ’s ongoing investigation into market allocation, price fixing and bid rigging in the auto parts industry.
The man’s former company, a manufacturer of starter motors, alternators, air flow meters, valve timing control devices, fuel injection systems, electronic throttle bodies, ignition coils, inverters and motor generators, was sentenced to a $195 million criminal fine in November 2013 after pleading guilty to being involved in this conspiracy as well. A total of 52 individuals have now been charged in this investigation and 34 companies have pleaded guilty or agreed to plead guilty and agreed to pay a total of more than $2.4 billion in fines.