Hitachi Automotive Systems pleads guilty second time to price fixing, fined USD 55 million  [ USA ]

On August 9, the U.S. Justice Department announced that Hitachi Automotive Systems Ltd. agreed to plead guilty and pay a USD 55.48 million fine for its efforts to allocate markets, fix prices and rig bids for shock absorbers installed in automobiles sold in the U.S. According to charges filed in a U.S. District Court, from the mid-1990s until 2011, Hitachi Automotive Systems agreed to allocate ...
<Aug 09, 2016>