June 6, 2012 / 2:30 PM / 7 years ago

Sweden's Autoliv to plead guilty to price fixing

* Autoliv is sixth company caught in auto parts probe

* Ten industry executives have agreed to plead guilty

WASHINGTON, June 6 (Reuters) - The Swedish auto parts company Autoliv has agreed to plead guilty to conspiring to fix prices of seatbelts, airbags and steering wheels and to pay a $14.5 million fine, the Justice Department said on Wednesday.

The company will also cooperate in the department’s continuing investigation into price fixing of car parts, the department said.

The probe has led to agreements to plead guilty from five other companies: Fujikura Ltd, Furukawa Electric Co Ltd , DENSO Corp, Yazaki Corp and G.S. Electech.

The department also said an executive from Japan’s Yazaki Corp had agreed to plead guilty to conspiring to fix prices of automotive wire harnesses, which direct and control a car’s electronic components.

Kazuhiko Kashimoto has agreed to serve 14 months in prison and pay a $20,000 criminal fine, becoming the 10th person to agree to plead guilty in the auto parts price-fixing probes, the department said.

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