U.S.: Three Agree To Plead Guilty In Parts Price Fixing
Three executives in Japan's automotive parts industry have agreed to plead guilty to a price-fixing conspiracy and two more have been indicted in the U.S. investigation, the government said Thursday. The plea agreements filed in Detroit and the indictment filed in Toledo were announced Thursday by the U.S. Department of Justice.
CLEVELAND (AP) — Three executives in Japan's automotive parts industry have agreed to plead guilty to a price-fixing conspiracy and two more have been indicted in the U.S. investigation, the government said Thursday.
The plea agreements filed in Detroit and the indictment filed in Toledo were announced Thursday by the U.S. Department of Justice.
The Justice Department said Yasuhiko Ueno, Saburo Imamiya and Yoshinobu Fujino, all executives of Tokyo-based Takata Corp., agreed to plead guilty to charges of participating in a conspiracy to rig prices for seatbelts sold to Toyota Motor Corp., Honda Motor Co. Ltd., Nissan Motor Co. Ltd., Fuji Heavy Industries Inc. (Subaru) and Mazda Motor Corp. in the U.S. and elsewhere.
The three have agreed to serve prison sentences ranging from 14 to 19 months, the government said.
The indictment filed in Toledo charged Masao Hayashi and Kenya Nonoyama, both Japanese nationals, with participating in a conspiracy to fix prices of anti-vibration rubber parts sold to Toyota for installation in automobiles manufactured and sold in the U.S.
Their company was identified in the indictment only as Company A, based in Osaka, Japan.
Takata said it has cooperated in the investigation.
"We are committed to strengthening our reputation as a trusted supplier of automotive parts while also focusing on additional training internally," communications vice president Alby Berman said in an email.
No attorneys are listed in court records for the defendants.
Latest in Supply Chain
Supply Chain Woes Caused U.S. Auto Sales to Fall 8% Last Year
U.S. Construction Spending Up 8.5% in November
Astronaut to Headline NAW Gala
Builders FirstSource Names New CEO
More in Supply Chain
Vehicle sales dropped to their lowest level in more than a decade.
Spending was up 10.5% during the first 11 months of the year.
Chris Hadfield has served as commander of the International Space Station.
Creating Resilience Against Future Supply Chain Attacks
Cyber criminals are evolving and growing the complexity of their supply chain attacks, and gaining a frightening amount of access.
IIoT-Enabled Cloud Is Redefining Supply Chains
How cloud-enabled manufacturing with smart sensors and actuators can assist resilient supply chain strategies.
WTO Rules Against Trump's Steel and Aluminum Tariffs
The Biden administration criticized the WTO's decision.
Sourcing Plated Fasteners from Distributors
Four tips to save OEMs time and money.
Keys to a Resilient Supply Chain
Disruptions from many causes will continue to threaten supply chains and keep them under pressure.
PDG Consulting Joins NetSuite Provider Program
The company will help customers take advantage of a powerful cloud ERP system to gain greater visibility and control.
Optimas Solutions Opens Mexico Customer Hub
The Monterrey "Center of Excellence" will focus solely on select accounts.
How Supply Chain Changes Are Impacting Sustainability
Profitability and sustainability are becoming more interconnected, but supply chain upheavals can make long-term investment difficult.
UN Warns of Global Job Declines
The agency blames the war in Ukraine and "multiple and overlapping crises."
How Additive Manufacturing Improves Sustainability Across the Supply Chain
3D printing can dramatically cut down on material consumption and logistics requirements.
Businesses Propose Hiding Trade Data Used to Trace Forced Labor
Executives quietly unveiled a proposal to make data collected from vessel manifests confidential.