Former Showa executive indicted in US in price-fixing probe

News
Policy & Regulation

So far 44 individuals have been charged in the US government’s ongoing probe involving auto parts industry

Akira Wada, a former executive of Japan-based Showa Corporation was indicted in the United States for conspiring to fix the prices of pinion-assist type electric power steering assemblies sold to Honda, the United States Department of Justice said in a press release.

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