Two of Japan’s largest auto suppliers have agreed to pay $548 million in fines, and four execs are going to jail, in connection with guilty pleas filed in an anti trust investigation.
Two Japanese men have issued guilty pleas in a wide-ranging probe of price-fixing in the auto supply business.
Carmakers were forced to pay more for auto parts because a group of suppliers conspired to raise prices for more than a decade, the Justice Department said Thursday.
Benton Harbor-based Whirlpool Corp. Thursday reproted a second quarter loss of $161 million or $2.10 a share, vs. net income of $205 million or $2.64 a share in the same period a year ago.
Five Madison Heights gas station operators have been busted for allegedly conspiring to fix prices at the pump.
Panasonic Corp. and a subsidiary of Whirlpool Corp. have agreed to plead guilty and pay more than $140 million in criminal fines for their roles in an international scheme to fix the prices of compressors […]