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US: Sanden agrees to plead guilty to price fixing

By  |  January 27, 2015

Japanese auto parts maker Sanden has agreed to plead guilty to fixing the prices of compressors used in automobile air conditioners and to pay a fine of $3.2 million, the U.S. Justice Department said on Tuesday.

Federal prosecutors contend Sanden conspired with other companies from at least August 2008 to April 2009 to fix the prices of compressors sold to Nissan North America Inc. for use in automotive air conditioning systems.

“The division continues to vigorously prosecute companies and individuals that seek to maximize their profits through illegal, anti-competitive means.”

Full Content: Reuters

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