Auto parts giant Yazaki has entered a multi-million dollar settlement over allegations of auto parts price fixing, Reuters reported on Tuesday, September 23.
The Japanese automobile parts maker has agreed to pay $76 million to U.S. buyers as a result of an ongoing multidistrict litigation over price fixing in the automotive parts industry. The litigation stemmed from a 2010 federal antitrust investigation that sought a wide crackdown on price fixing in this industry. So far, 28 companies have been indicted and fines have totaled $2.8 billion. The settlement with Yazaki has been the largest so far.
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