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US: DOJ nabs $26M more in auto parts price-fixing fines

 |  September 30, 2014

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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