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Japanese auto parts firms to pay US anti-trust fine
Source: BBC
31 January 2012 Last updated at 00:58 GMT
Japanese auto parts firms to pay US anti-trust fine
Japan's Yazaki Corporation and Denso Corporation have agreed to plead guilty and pay fines for fixing prices of parts supplied to US manufacturers.
Yazaki will pay $470m (£300m), the second-largest antitrust fine in US history, while Denso has agreed to pay $78m.
The two auto part makers have been accused of fixing prices for as long as ten years.
Four Yazaki executives will also serve up to two years in a US prison.
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Japanese auto parts firms to pay US anti-trust fine
Japan's Yazaki Corporation and Denso Corporation have agreed to plead guilty and pay fines for fixing prices of parts supplied to US manufacturers.
Yazaki will pay $470m (£300m), the second-largest antitrust fine in US history, while Denso has agreed to pay $78m.
The two auto part makers have been accused of fixing prices for as long as ten years.
Four Yazaki executives will also serve up to two years in a US prison.
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Read more: http://www.bbc.co.uk/news/business-16803876