TOKYO (Reuters) -- Japanese supplier Jtekt Corp. said its Australian subsidiary will pay around $1.9 million to settle antitrust charges as it confronts penalties from a global investigation into price-fixing by parts makers.
Jtekt has already agreed to plead guilty and pay $103.3 million in the United States for fixing prices of various parts sold to Toyota Motor Corp. and Nissan Motor Co. Earlier in the year, it was fined $4.9 million for violating antitrust law in Canada.
Jtekt is currently being investigated by European Union antitrust regulators, company spokesman Kenji Ando told Reuters today.
An internal investigation at Jtekt found that subsidiary Koyo Australia Ltd. may have fixed the prices of bearings sold to individuals and repair shops, Ando said.
Jtekt sought leniency in exchange for cooperation, he said.
"Jtekt is working to thoroughly carry out compliance."
Japan, the U.S., Canada and the E.U. have recently imposed fines on many auto parts suppliers.
The U.S. Department of Justice has said 20 mainly Japanese companies and 21 executives have agreed to plead guilty in a price-fixing probe and pay $1.6 billion in fines. No top-level supplier executives have been charged so far.
Separately, seatbelt maker Takata Corp. last week said it will pay $71.3 million to settle U.S. antitrust charges.