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Tuesday, July 1, 2014
Volume:
30
Issue:
7
Abstract:
On April 23, 2014, the U.S. Department of Justice (DOJ) announced that Showa Corp., an automotive parts manufacturer based in Saitama, Japan, has agreed to plead guilty and to pay a $19.9 million criminal fine for its role in a conspiracy to fix prices and rig bids for pinion-assist type electric powered steering assemblies installed in cars sold in the United States and elsewhere.[1]