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UPDATE 1-Japan spark plug maker NGK to plead guilty, pay $52.1 mln
August 19, 2014 / 9:06 PM / 3 years ago

UPDATE 1-Japan spark plug maker NGK to plead guilty, pay $52.1 mln

(Adds background on case)

WASHINGTON, Aug 19 (Reuters) - NGK Spark Plug Co has agreed to plead guilty and pay a $52.1 million criminal fine over its role in a conspiracy to fix prices and rig bids for spark plugs and other automotive parts, the U.S. Department of Justice said on Tuesday.

The department accused NGK, which is based in Nagoya, Japan, of conspiring with other auto parts makers from January 2010 to around July 2011 to manipulate prices for spark plugs, standard oxygen sensors and air fuel ratio sensors sold to automakers such as DaimlerChrysler AG, Ford Motor Co, General Motors Co, Honda Motor Co and Toyota Motor Corp in the United States and elsewhere.

A one-count felony charge was filed against NGK with the U.S. District Court in Detroit. The plea requires court approval.

NGK, which has U.S. offices in Wixom, Michigan, did not immediately respond to a request for comment.

In connection with the plea, NGK agreed to cooperate with the Justice Department’s long-running probe into alleged price fixing and bid rigging in the auto parts industry.

Twenty-eight companies and 26 executives have pleaded guilty or agreed to plead guilty in the probe, and agreed to pay $2.4 billion of criminal fines, the Justice Department said. (Reporting by Aruna Viswanatha; Additional reporting by Jonathan Stempel; Editing by Eric Beech and Leslie Adler)

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