Federal and International

Diamond Electric Mfg. Co. Ltd. and an Autoliv Inc. Executive Agree to Plead Guilty to Price Fixing on Automobile Parts Installed in U.S. Cars

First Case Involving Parts Sold Directly to Automobile Company Headquartered in U.S.

Washington, DC–(ENEWSPF)–July 16, 2013.  Osaka, Japan-based Diamond Electric Mfg. Co. Ltd. has agreed to plead guilty and to pay a $19 million criminal fine for its role in a conspiracy to fix prices of ignition coils installed in cars sold in the United States and elsewhere, the Department of Justice announced today. This is the first case in the department’s antitrust investigation involving…

Proud member of LION Publishers

Most read stories this week

Take a Survey

ARCHIVES