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7 Japanese supplier execs indicted in price-fixing scheme

2014-09-18 23:28:50| Auto Parts - Topix.net

A U.S. grand jury in Detroit has indicted seven executives from Japanese auto suppliers Mitsubishi Electric Corp. and Hitachi Automotive Systems for their alleged roles in a conspiracy to fix auto parts prices, the U.S. Department of Justice In a three-count indictment filed today, the government alleges that Mitsubishi Electric executives Atsushi Ueda, Minoru Kurisaki and Hideyuki Saito conspired to fix the prices of starter motors, alternators and ignition coils. The parts were sold to all of the Detroit 3 as well as Nissan, Honda and Subaru's parent company, Fuji Heavy Industries.

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Category:Automotive

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