Criminal

Bridgestone executives indicted for auto parts price fixing

6:27 pm U.S. ET | April 15, 2014
One current Bridgestone executive and two who formerly worked for the Japanese tire company have been indicted by a federal grand jury in Cleveland for allegedly conspiring to fix automotive-part prices. And a fourth executive formerly employed by Bridgestone agreed to plead guilty in a related case today.... Read More »

 

Co-owner of Calif. luxury dealership pleads guilty in campaign finance case

3:34 pm U.S. ET | April 11, 2014
The co-owner of a California luxury-car dealership pleaded guilty in federal court to making illegal political campaign donations in the name of a foreign national, according to court documents.... Read More »

 

U.S. eyes bankruptcy link in GM ignition defect probe, report says

3:48 pm U.S. ET | March 22, 2014
Federal authorities are investigating whether General Motors hid an ignition switch defect when it filed for bankruptcy in 2009, The New York Times reported on Saturday.... Read More »

 

Toyota's $1.2 billion settlement may be model for U.S. probe into GM

10:41 pm U.S. ET | March 18, 2014
Toyota will pay a record $1.2 billion to resolve a criminal probe in to safety issues, in a deal that could serve as a template for how federal authorities approach a similar investigation into General Motors. The settlement between the Justice Department and Toyota includes an admission by the auto manufacturer that it misled American consumers about two different problems that caused cars to accelerate even as drivers tried to slow them down.... Read More »

 

Former Denso exec to plead guilty to price-fixing coverup charge

2:27 pm U.S. ET | Feb. 20, 2014
A former Denso executive is expected to serve one year and one day in federal prison after agreeing to plead guilty to one charge of obstruction of justice in the United States government's ongoing price-fixing investigation of auto suppliers.... Read More »

 

2 former Diamond Electric execs to plead guilty in price-fixing scheme

12:51 pm U.S. ET | Jan. 31, 2014
Two former senior-level executives with Japanese supplier Diamond Electric Manufacturing have agreed to plead guilty to felony charges in the ongoing global auto parts price-fixing investigation, the Department of Justice said today.... Read More »

 

Porsche plaintiffs lose bid to halt civil suits in Germany pending Wiedeking case

Jan. 21, 2014 15:51 CET
Three plaintiffs suing Porsche SE in Germany lost their bid to pause their civil cases to await the findings of a criminal case against the carmaker's former CEO, Wendelin Wiedeking.... Read More »

 

Japanese supplier Koito to plead guilty in U.S. to price fixing, pay $57 million fine

11:33 am U.S. ET | Jan. 16, 2014
Japanese supplier Koito Manufacturing has agreed to pay $57 million in fines and plead guilty in federal court to price fixing lighting components that were sold to Toyota.... Read More »

 

Heroic tale turns into trouble for Houston dealership

11:00 am U.S. ET | Dec. 15, 2013
A Houston-area dealership has distanced itself from the personality who claimed to “do heroic things” occasionally while making “great car deals happen” every day.... Read More »

 

Daimler faces insider trading trial over EADS stake

Dec. 3, 2013 12:20 CET
Daimler faces allegations of insider trading over its disposal of shares in EADS, the European aerospace company, in 2006, the Paris prosecutor's office said.... Read More »

 

Toyo Tire to pay $120 million for price fixing, U.S. says

Nov. 27, 2013 06:01 CET
Japan's Toyo Tire & Rubber has agreed to plead guilty to federal U.S. price-fixing charges and pay a $120 million criminal fine for its role in conspiracies involving auto parts, the Justice Department said.... Read More »

 

Toyo Tire to pay $120 million for price fixing, U.S. says

1:23 pm U.S. ET | Nov. 26, 2013
Japan's Toyo Tire & Rubber has agreed to plead guilty to federal price-fixing charges and pay a $120 million criminal fine for its role in conspiracies involving auto parts, the Justice Department said today.... Read More »

 

NEWS ANALYSIS

Why no C-level execs have been charged in supplier price-fixing cases

10:47 am U.S. ET | Oct. 15, 2013
In an industry in which supplier CEOs and CFOs often accompany sales teams on visits to establish new lines of business with their automaker customers, none of the individual executives to face charges in the United States so far hails from top management posts at any of the suppliers' parent companies.... Read More »

 

9 Japanese suppliers, 2 execs to plead guilty in U.S. price-fixing probe

11:22 am U.S. ET | Sept. 26, 2013
Nine Japanese auto suppliers and two executives have agreed to plead guilty to conspiracy charges and pay more than $740 million in fines for their roles in rigging the prices of 30 products for vehicles built or sold in the United States and elsewhere, federal antitrust regulators said today.... Read More »

 

9 Japanese suppliers, 2 execs to plead guilty in U.S. price-fixing probe

Sept. 26, 2013 17:22 CET
Nine Japanese auto suppliers and two executives agreed to plead guilty to conspiracy charges for their roles in rigging the prices of 30 products for vehicles built or sold in the U.S. and elsewhere. German regulators raided six companies earlier this week as part of a global investigation of price fixing and bid rigging.... Read More »

 

Panasonic executive charged with price-fixing on Toyota components

4:45 pm U.S. ET | Sept. 24, 2013
A federal grand jury in Detroit indicted another Japanese automotive executive on Tuesday for involvement in an international pricing-fixing conspiracy. According to the federal charges, Shinichi Kotani, an executive for Panasonic, participated in fixing prices on switches and steering angles sensors for Toyota vehicles sold in the United States.... Read More »

 

VW employee sports-sponsor trial may end with fine, judge says

Sept. 5, 2013 13:19 CET
A German judge says five Volkswagen employees and former Deutsche Telekom managers may be able to settle charges over alleged soccer-team sponsorship bribery by paying fines.... Read More »

 

New charges, court filings signal more supplier price-fixing prosecutions

11:12 am U.S. ET | Aug. 12, 2013
Federal officials who eased up the pace of prosecuting automotive supplier price-fixing for eight months could be ready to punch the accelerator again, if recent courthouse activity is any indicator.... Read More »

 

Ford surveillance system has got police officers' backs

12:01 am U.S. ET | Aug. 4, 2013
Ford has developed technology to give police officers more protection against someone sneaking up behind their vehicle.... Read More »

 

Mercedes leads U.S. in luxury-car theft as criminals target NYC

12:34 am U.S. ET | July 30, 2013
Mercedes-Benz vehicles were the most sought-after luxury brand among car thieves in the United States from 2009 through 2012 as the New York City region had the greatest number of thefts, an insurance-industry group said.... Read More »

 

VW wins court order to stop scientists from revealing codes used to start cars

July 29, 2013 12:40 CET
Volkswagen obtained a court order to prevent scientists from publishing the secret codes used to start Porsches, Audis, Bentleys and Lamborghinis.... Read More »

 

Ford sues Japanese wiring supplier over conspiracy to fix prices

11:19 am U.S. ET | July 17, 2013
Ford has sued one of its Japanese suppliers following a criminal case in which the parts maker admitted to being part of a conspiracy to fix prices of key wiring components. Fujikura, of Tokyo, in April 2012 agreed to plead guilty in U.S. District Court in Detroit to one count of price fixing.... Read More »

 

MG Rover hearing will assess accountant's conflicts of interest

July 17, 2013 13:24 CET
Accountancy firm Deloitte will next week return before a tribunal which is assessing whether it failed to manage conflicts of interest in its advice to MG Rover and four directors who bought the carmaker before it collapsed.... Read More »

 

Former Porsche CFO Haerter fined 630,000 euros for credit fraud in VW case

June 4, 2013 13:19 CET
Former Porsche CFO Holger Haerter has been fined 630,000 euros ($824,000) by a German court for credit fraud in a criminal case over the refinancing of a 10 billion euro loan during a failed bid to takeover Volkswagen in 2009.... Read More »

 

Two Denso execs to plead guilty to price fixing, U.S. says

May 22, 2013 06:01 CET
Two executives at Toyota-affiliated supplier Denso have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with an ongoing criminal investigation, the U.S. Justice Department said.... Read More »

 

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