Mitsubishi Electric Corporation
Approved Evidence
Added to Rotten Company: 9/1/2026
Conduct/Event period: January 2000–February 2010
Ongoing: No
Resolution status: Resolved
Resolution date: November 6, 2013
Mitsubishi Electric pleaded guilty and paid $190 million for automotive-parts price fixing
Summary
Mitsubishi Electric Corporation pleaded guilty on November 6, 2013 and was sentenced to a $190 million criminal fine for conspiring to rig bids and fix prices for starter motors, alternators and ignition coils sold to automakers in the United States and elsewhere. DOJ said the conspiracy ran from at least January 2000 through February 2010. Primary source: https://www.justice.gov/archives/opa/pr/nine-automobile-parts-manufacturers-and-two-executives-agree-plead-guilty-fixing-prices
Evidence Weight
97.76
Severity: high
Recency Weight: 97.76318927511099
File Weight: 1