News

Parts Supplier to Settle Antitrust Claims for $212 Million

Order Reprints

Jan. 19, 2017—Japanese automotive parts suppliers Yazaki Corporation and Chiyoda Manufacturing Corporation agreed on Wednesday to pay $212 million and $1.15 million, respectively, to settle a lawsuit in Michigan federal court with purchasers of their products alleging the companies conspired to fix prices for in-car electronic systems.

Four Japanese executives entered guilty pleas in 2012 for their roles in antitrust violations related to the sale of auto parts by the Yazaki Corporation and the Denso Corporation, as previously reported by the New York Times

In 2014, it was reported that the parts supplier would be paying $100 million.

 

Recommended Products

2016 Ratchet+Wrench Shop Technology Survey: Complete Report

2017 Ratchet+Wrench Shop Technology Survey: Complete Report

2016 Ratchet+Wrench Shop Performance Survey: Complete Report

Related Articles

Bridgestone, Toyo Settle Parts Price-Fixing Suits

Bridgestone Reaches Settlement in Parts Price-Fixing Suit

Monro Paying $2M to Settle Pay-Dispute Class Action

You must login or register in order to post a comment.