As Michigan drivers deal with a spike in gas prices, the state is warning gas stations against any attempt to take advantage of consumers by price gouging or price fixing.
The collusion in these cases, which in some instances lasted more than a decade, was “deftly done,” said Joe Wiesenfelder, executive editor of Cars.com, who has followed the auto parts investigation.
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 […]