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Japanese auto parts exec gets jail for price fixing

2015-01-06 23:14:18| Auto Parts - Topix.net

A former executive of a Japanese auto parts suppliers was sentenced to one year and one day in US prison after pleading guilty Tuesday to price fixing. Makoto Horie, formerly senior vice president of sales at the US arm of Toyoda Gosei, agreed to plead guilty to one felony charge of price fixing and bid rigging in sales of automotive hoses to Toyota Motor Corp's US subsidiaries and suppliers.

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