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Yamada Manufacturing agrees to plead guilty to price-fixing and bid-rigging on auto parts installed in US cars

( April 28, 2015, 21:42 GMT | Official Statement) -- MLex Summary: Yamada Manufacturing has agreed to plead guilty and to pay a $2.5 million criminal fine for its role in a conspiracy to fix prices and rig bids for manual (non-electric or non-hydraulic-powered) steering columns sold to certain subsidiaries of Honda Motor Co., the US Department of Justice announced. Yamada carried out the conspiracy from at least as early as the fall of 2007 and continuing until as late as September 2012, according to the charge against the company. Including Yamada, 35 companies and 29 executives have pleaded guilty or agreed to plead guilty in the DOJ’s ongoing investigation into price-fixing and bid-rigging in the auto parts industry.Release follows below:...

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