The US Department of Justice announced Monday that it has secured new fines of $26 million from a Japanese auto parts manufacturer.
According to reports, the regulator has secured a guilty plea from Toyoda Gosei, accused of fixing car parts prices along with several other manufacturers. The case is the DOJ’s largest price-fixing case, and it continues to grow; Toyoda Gosei is the 29th company to plead guilty to price manipulation.
The company pleaded guilty to manipulating costs between 2003 and 2010.
Full content: Reuters
CORRECTION: An earlier version of this article misspelled the name of Toyoda Gosei. We regret the error.
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