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DOJ charges Toyo Tire & Rubber with price-fixing (*updates)

By Leah Nylen ( November 26, 2013, 17:22 GMT | Insight) -- The US Department of Justice charged Toyo Tire & Rubber with fixing prices on anti-vibration rubber parts sold to Toyota, Nissan and Fuji Heavy Industries, which makes Subaru cars, as well as on automotive constant-velocity-joint boot products sold to another car parts maker, GKN. The company has agreed to plead guilty and will pay $120 million in criminal fines.The US Department of Justice charged Toyo Tire & Rubber on Tuesday with fixing prices on anti-vibration rubber parts sold to Toyota, Nissan and Fuji Heavy Industries, which makes Subaru cars, as well as on automotive constant-velocity-joint boot products sold to another car parts maker, GKN....

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