Toyoda Gosei has agreed to plead guilty to price-fixing and pay a US$26m fine according to the US Justice Department.
Toyoda Gosei has acknowledged conspiring to fix prices of airbags, steering wheels and automotive hoses. It is the latest in a long line of auto parts makers to plead guilty to price-fixing since the Justice Department began its investigation.
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Toyoda Gosei conspired with other parts makers to fix prices of parts sold to Toyota Motor Corp and Subaru between 2003 and 2010, the department said in a statement.
