South Korean parts makers Continental Automotive Electronics LLC and Continental Automotive Korea Ltd have agreed to plead guilty and pay $US 4 million for rigging bids for instrument panel clusters sold to car makers which come with a, the Justice Department said on Monday.
Dozens of car parts makers, predominantly from Asia, have either pleaded guilty or agreed to plead guilty to price fixing or other violations of U.S. antitrust law as part of the department’s long-running probe of the sector.
A total of 46 people have either agreed to plead guilty or did plead guilty as part of the probe.