According to Detroit Free Press, 9 Japanese suppliers must pay $740M in price-fixing scheme.
Nine Japanese companies will pay $740 million to settle charges they fixed prices of automotive parts sold to carmakers in the U.S.
The largest fines were $195 million levied against Hitachi and $190 million against Mitsubishi Electric.
In addition, Tetsuya Kunida, a Japanese citizen and former executive of a U.S. subsidiary of a Japan-based automotive anti-vibration rubber products supplier, pleaded guilty and will serve 12 months and one day in a U.S. prison, and pay a $20,000 fine.
Gary Walker, a U.S. citizen and former executive of a U.S. subsidiary of a Japan-based automotive products supplier, also pleaded guilty and will serve 14 months in a U.S. prison, and pay a $20,000 fine.
