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General Motors Company Message Board

  • jeyebolt2003 jeyebolt2003 Feb 1, 2013 12:02 AM Flag

    Another Cheater

    Denso, is 22% owned by Toyota.
    WASHINGTON (Dow Jones)--Japanese companies Yazaki Corp. and Denso Corp. (DNZOY, 6902.TO) have agreed to plead guilty to fixing prices and rigging bids on several types of automotive electrical parts and will pay combined criminal fines of $548 million, the U.S. Justice Department announced Monday.

    Yazaki will pay a $470 million fine, the second-largest criminal antitrust fine in the Justice Department's history. Denso will pay $78 million. The department also said four Yazaki executives, all Japanese nationals, have agreed to plead guilty in the case and will serve prison time in the U.S.

 
GM
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