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    Antitrust Law Daily Wrap Up, ANTITRUST NEWS: Automobile parts manufacturer Aisan sentenced in price fixing probe, (Mar 6, 2014)

    Law Firms Mentioned:Squire Sanders
    Organizations Mentioned:Aisan Industry Co. Ltd. | Nissan Motor Co., Ltd. | Squire Sanders & Dempsey

    The federal district court in Detroit yesterday fined Japanese automobile parts manufacturer Aisan Industry Co. Ltd. $6.86 million after the company pleaded guilty to conspiring to rig bids and fix prices for automobile electronic throttle bodies (U. ...

    The federal district court in Detroit yesterday fined Japanese automobile parts manufacturer Aisan Industry Co. Ltd. $6.86 million after the company pleaded guilty to conspiring to rig bids and fix prices for automobile electronic throttle bodies (U.S. v. Aisan Industry Co. Ltd., Criminal No. 2:14-cr-20047).

    Judgment was entered in the case after Aisan pleaded guilty to a one-count felony charge filed in February. Aisan was charged with engaging in a conspiracy to rig bids for, and to fix prices of, electronic throttle bodies sold to Nissan Motor Co. Ltd. and certain of its subsidiaries between October 2003 and February 2010. Electronic throttle bodies are part of the air intake system in an engine that controls the amount of air flowing into an engine’s combustion chamber. By controlling air flow within an engine, the electronic throttle body controls engine speed.

    In addition to the criminal fine, Aisan agreed under the plea agreement to cooperate with the Justice Department’s ongoing auto parts investigations.

    Attorneys: Nathan Lane III (Squire Sanders) for Aisan Industry Co. Ltd.

    Companies: Aisan Industry Co. Ltd.

    News: Antitrust AntitrustDivisionNews

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