Two Executives Indicted for Fixing Prices in Automobile Parts in the U.S. While Three Executives Plead Guilty to Participating in Global Seatbelt Price Fixing Conspiracy

On November 21, 2013, the United States Department of Justice announced that a Cleveland federal grand jury returned an indictment against two executives of a Japanese automotive supplier for their roles in an international conspiracy to fix prices of automotive anti-vibration rubber parts sold to Toyota and installed in U.S. cars.[1] On the same day, the DOJ announced that three high-level executives of Tokyo-based Takata Corp.  have agreed to plead guilty for their participation in a conspiracy to fix prices of seatbelts installed in cars sold in the U.S. and agreed to serve time in a  U.S. prison.[2]