Company Agrees to Pay $19.9 Million Criminal Fine
Washington, DC—(ENEWSPF)—April 23, 2014. Showa Corp., an automotive parts manufacturer based in Saitama, Japan, has agreed to plead guilty and to pay a $19.9 million criminal fine for its role in a conspiracy to fix prices and rig bids for pinion-assist type electric powered steering assemblies installed in cars sold in the United States and elsewhere, the Department of Justice announced today.
According to a one-count felony…
