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Japanese Automobile Parts Manufacturer Agrees to Plead Guilty to Price Fixing on Parts Installed in US Cars

Company Agrees to Pay $1 Million Criminal Fine

WASHINGTON–(ENEWSPF)–August 28, 2012.  Nagoka, Japan-based Nippon Seiki Co. Ltd. has agreed to plead guilty and to pay a $1 million criminal fine for its role in a conspiracy to fix prices of instrument panel clusters, commonly known as meters, installed in cars sold in the United States and elsewhere, the Department of Justice announced today.

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According to a one-count felony charge filed today in the U.S. District…

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