Japan auto parts firm Tokai Rika to pay US price fixing fine

Newswire

* Company is ninth to plead in ongoing DOJ probe * Tokai Rika also pleaded guilty to obstruction of justice * European Commission conducting parallel investigation WASHINGTON, Oct 30 (Reuters) - Japanese auto parts maker Tokai Rika Co Ltd has agreed to plead guilty to conspiring to fix the prices of auto heating components and to pay a fine of $17.7 million, the U.S. Justice Department said on Tuesday. The settlement is the latest ...

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