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Omron pleads guilty in automotive component bid rigging case, to pay $4.6m fine

ABR Staff Writer Published 21 March 2016

Japanese Omron Automotive Electronics (OAE) has agreed to plead guilty and pay $4.6m fine for its involvement in rigging bids for power window switches in Honda Civics, the US department of justice (DoJ) said.

The justice department said that a total of 39 companies have pleaded guilty in its probe on bid rigging in auto component industry.

"OAE has cooperated fully with the DoJ's investigation, and decided to enter into the Plea Agreement upon overall consideration of applicable laws and relevant facts," the company said in a statement.

"OAE takes this matter seriously and has taken steps to further strengthen its training programs to ensure compliance with all applicable laws and regulations in order to prevent the recurrence of such issues in the future," it said.

The Komaki-based Omron allegedly conspired with another manufacturer between 2003 and 2013 to reduce competition from rivals in supplying power switches to Honda Civics that were sold between 2005 and 2013.

A total of 39 companies and 58 executives facing charges in the probe have agreed to pay fine to the tune of over $2.6bn.

Omran is the 39th company to enter into a plea agreement with the department of justice to resolve allegations over the violation of antitrust laws in the US regarding the sale of window switches to Honda.