Guilty Pleas Show High Cost of Price-Fixing in Auto Industry

FBI Criminal Investigative Division Assistant Director Ronald Hosko discusses charges against nine auto parts makers during a press conference in Washington, D.C. Joining Hosko is Deputy Assistant Attorney General Scott Hammond of DOJ\’s Antitrust Division.

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Guilty Pleas Show High Cost of Price-Fixing in Auto Industry

09/26/13

Price-fixing conspiracies by auto parts manufacturers may have inflated the cost of your new car. In announcing guilty pleas by nine Japan-based auto parts makers and two executives, the Justice Department today laid out details of brazen collusion schemes to rig the prices of more than 30 kinds of car parts—like seat belts, radiators, and windshield wipers—sold to U.S. car makers.