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