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 Trouble at Denso... 
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Formerlly simesxb2

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DETROIT (AP) -- An executive at Japanese auto parts supplier Denso Corp. will serve a one-year prison sentence for price fixing.

The U.S. Department of Justice said Monday that Norihiro Imai pleaded guilty to rigging bids and fixing prices on heater control panels. Imai will pay a $20,000 fine and cooperate with an ongoing investigation.

Imai is one of eight individuals and three companies charged in the government's investigation of the auto parts industry. Yazaki Corp., Furukawa Electric Co. and Denso have all pleaded guilty to the charges and were ordered to pay a combined $748 million in fines.

The government alleges that the companies sold parts to car companies at inflated prices for at least a decade. The investigation has been the largest in the history of the Justice Department's antitrust division.

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Wed Mar 28, 2012 8:47 pm
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Chapter Peep

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So, does anyone that bought a car with these parts get a refund? Od does Uncle Sugar just keep the fines?

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Thu Apr 05, 2012 2:43 pm
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Formerlly simesxb2

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My guess is uncle sugar will keep the fines...

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God, Family, Country and the right to bare arms; That's what it's all about. Scion would be in there but Toyota chose to nix them.


Thu Apr 05, 2012 7:49 pm
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Chapter Peep

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:o That was unexpected....

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Thu Apr 05, 2012 10:37 pm
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Formerlly simesxb2

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With our country being guided ( I use that word loosely) by a money hungry tirant that wants to run this country into the ground, you tend to expect the worst...

just sayin

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God, Family, Country and the right to bare arms; That's what it's all about. Scion would be in there but Toyota chose to nix them.


Fri Apr 06, 2012 4:57 am
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Chapter Peep

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Wait... Bush's fault again?

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Fri Apr 06, 2012 6:11 am
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Formerlly simesxb2

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oldmanatee wrote:
Wait... Bush's fault again?


most likely... everything else has been apparently. Did everyone hear about Obumbles 13 year old daughter taking 12 friends and 26 secret service men along with 2 jets to Mexico for spring break? You should, we are paying for all of it!

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God, Family, Country and the right to bare arms; That's what it's all about. Scion would be in there but Toyota chose to nix them.


Fri Apr 06, 2012 11:30 am
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Chapter Peep

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And as soon as they got back, the first Wookie took the kids to Vegas for a week.

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Fri Apr 06, 2012 11:53 am
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Wow and all I want is a real job

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Thu Apr 12, 2012 9:23 am
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Chapter Peep

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so you really think a manfacuture is going to drop the prices on vehicles after they've already know people will pay so they make profits. kind of like are current issues with gas prices? oh it was the hurricane, oil spill, ect. why is it we are looking $4+ a gallon for summer still?


Thu Apr 12, 2012 7:12 pm
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Chapter Peep

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:curses :curses :curses I know what you mean... but what the community agitator calls "evil big oil" only operates on about 4% pprofit. They just make billions because the sell hundreds of billions...

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Thu Apr 12, 2012 8:40 pm
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