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Hitachi pleads guilty in brake hose price fixing probe

2014-11-12 19:26:34| Auto Parts - Topix.net

Hitachi Metals Ltd., a Tokyo-based auto parts manufacturer, has agreed to plead guilty and pay a $1.25 million fine for its alleged role in a conspiracy to fix prices and rig bids for automotive brake hose. The U.S. Justice Department Antitrust Division filed a one-count felony charge and settlement agreement against Hitachi Oct. 31 in the U.S. District Court for the Northern District of Ohio in Toledo.

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Category:Automotive

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