Yazaki to pay $470 million in US price-fixing case

Japanese auto parts supplier Yazaki will pay $470 million for price-fixing, the second-largest US criminal antitrust fine in history, the Justice Department said Monday. Yazaki and another Japanese firm, Denso, have agreed to plead guilty for price-fixing and bid-rigging in the United States, the department said in a statement.
Denso agreed to pay a $78 million criminal fine, the department said. Four Yazaki executives, all Japanese nationals, each have also agreed to plead guilty, pay a $20,000 criminal fine, and serve prison time in the United States, the department said. The executives were identified as Tsuneaki Hanamura, Ryoji Kawai, Shigeru Ogawa and Hisamitsu Takada.