Japanese auto parts maker, Takata Corporation, is the latest parts manufacturer to be charged in one of the largest criminal antitrust investigations, according to the U.S. Justice Department. The inquiry into price-fixing auto parts between worldwide manufacturers began back in January 2000 and is estimated to have resulted in more than $1.6 billion in fines since 2011. The investigation covers over a dozen separate conspiracies involving over thirty different auto parts affecting Chrysler, Ford, General Motors, Honda, Mazda, Mitsubishi, Nissan, Subaru and Toyota.
Last month, the Justice Department said nine Japan based companies and two former executives plead guilty and agreed to pay almost $745 million in fines for their roles in long-running conspiracies to fix the prices of auto parts sold to U.S. car manufacturers.