Auto Parts Price-Rigging Settlement Set at $23M

Dec. 6, 2019

Some 52 auto parts manufacturers are involved in the case, which was filed in California by the state's attorney general.

Dec. 6, 2019—California Attorney General Xavier Becerra announced a $23 million settlement in a price-fixing case that involves 52 auto parts makers.

The Associated Press reports that the lawsuit accused the companies of conspiring to fix prices on automakers' requests for bids.

The largest single settlement was with DENSO Corp, according to the story. The company reached a figure of $4.25 million.

Much of the settlement costs for the state of California represent the higher costs allegedly paid by state agencies. Individual auto buyers could be eligible for a piece of restitution as well by registering at www.autopartsclass.com.

The AP noted that this state-level settlement comes after a U.S. Department of Justice investigation that led to 42 companies pleading guilty to price fixing charges and up to $3 billion in fines.

Sponsored Recommendations

Best Body Shop and the 360-Degree-Concept

Spanesi ‘360-Degree-Concept’ Enables Kansas Body Shop to Complete High-Quality Repairs

How Fender Bender Operator of the Year, Morrow Collision Center, Achieves Their Spot-On Measurements

Learn how Fender Bender Operator of the Year, Morrison Collision Center, equipped their new collision facility with “sleek and modern” equipment and tools from Spanesi Americas...

ADAS Applications: What They Are & What They Do

Learn how ADAS utilizes sensors such as radar, sonar, lidar and cameras to perceive the world around the vehicle, and either provide critical information to the driver or take...

Coach Works implements the Spanesi Touch system

Coach Works Uses Spanesi Equipment to Ensure a Safe and Proper Repair for Customers