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Kiekert to plead guilty to bid-rigging involving auto parts

( March 7, 2017, 16:39 GMT | Official Statement) -- MLex Summary: Auto parts manufacturer Kiekert has agreed to plead guilty and to pay a $6.1 million criminal fine for its role in a conspiracy to rig bids of side-door latches and latch minimodules installed in cars sold in the US and elsewhere, the US Department of Justice announced on Tuesday. According to a one-count felony charge, Kiekert participated in a conspiracy to fix prices for parts sold to Ford Motor and its subsidiaries between September 2008 and May 2013. Statement follows in full. ...

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