Mitsubishi Heavy Industries pleaded guilty and paid $14.5 million for auto-parts price fixing

Summary

Mitsubishi Heavy Industries, Ltd. pleaded guilty on November 6, 2013 and was sentenced to pay a $14.5 million criminal fine for conspiring to rig bids and fix prices for automotive compressors and condensers sold to General Motors and Mitsubishi Motors North America. DOJ said the conspiracy ran from at least January 2001 through February 2010. Primary source: https://www.justice.gov/archives/opa/pr/nine-automobile-parts-manufacturers-and-two-executives-agree-plead-guilty-fixing-prices