Tag Archives: DoJ lawsuit

Japan’s Diamond Electric to pay $19 million U.S. fine in parts price-fixing probe

Japan's Diamond Electric to pay $19 million U.S. fine in parts price-fixing probe

A Japanese manufacturer of ignition coils that were sold to Ford Motor Co., Toyota Motor Corp. and Subaru parent Fuji Heavy Industries Ltd. has agreed to plead guilty and pay a $19 million fine for its role in a conspiracy to fix prices of automotive components, the U.S. Department of Justice said.