US investigation into automotive price-rigging wins first AVS scalp

ERJ staff report (DS)

Washington DC – An executive at the Ohio subsidiary of a Japanese automotive supplier has pleaded guilty for his role in a conspiracy to fix prices and rig bids of anti-vibration rubber parts sold in the United States and elsewhere. The news comes from a US Department of Justice (DoJ) news release.

The executive, Hiroshi Yoshida work or the US subsidiary of an un-named Japanese company. The DoJ said the parent company is based in Saitama, Japan while the subsidiary is based in…

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