A PYMNTS Company

Japan: Yamada manufacturing to pay $2.5 million for price fixing

 |  April 29, 2015

Japan’s Yamada Manufacturing has agreed to pay a $2.5 million fine and plead guilty to a single felony count of fixing the prices of steering columns, the US Justice Department said on Tuesday.

The steering columns were sold to Honda Motor, the department said.

Yamada’s plea brings to 35 the number of companies which have pleaded guilty in the United States to conspiring to fix the prices of a broad range of auto parts and to pay more than $2.5 billion in fines. A total of 29 executives have either pleaded guilty or agreed to plead guilty.


Full Content: The FBI


Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.