WASHINGTON, June 30 An executive at Japan's
Denso Corp has agreed to plead guilty to fixing the
prices of automobile instrument panel clusters and to serve a
prison sentence, the U.S. Justice Department said on Monday.
The executive is one of 36 who have pleaded guilty to fixing
the prices of more than 30 auto parts, ranging from radiators to
windshield wipers and air-conditioning systems. Twenty-seven
companies - including auto parts maker Denso - have pleaded
guilty in the long-running investigation.
In this case, Satoru Horisaki, a group leader for Denso at
the time of the price fixing, agreed to plead guilty to fixing
the prices for instrument panel clusters sold to Honda of
America Manufacturing Company Inc, according to court papers
filed in U.S. District Court for the Eastern District of
Horisaki agreed to serve a prison sentence of one year and
one day, the Justice Department said.
The prices were fixed from about 2009 to about February
2010, the Justice Department said in its filing.
(Reporting by Diane Bartz; Editing by Jim Loney and Bernadette