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DENSO Corporation Executive Agrees to Plead Guilty to Price Fixing and Bid Rigging on Auto Parts Installed in U.S. Cars

Executive Also Agrees to Serve Significant Prison Time

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WASHINGTON—(ENEWSPF)—March 26, 2012.  An executive of Japan-based DENSO Corporation, has agreed to plead guilty and to serve time in prison for his role in a conspiracy to fix prices and rig bids for heater control panels (HCPs) installed in U.S. cars, the Department of Justice announced today.  

According to a one-count felony charge filed today in the U.S. District Court for the Eastern District of Michigan…

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