September 16, 2015
Posted January 25, 2016
Kayaba Industry Co. Ltd. (dba KYB Corporation) agreed to plead guilty and to pay a $62 million criminal fine for its role in a conspiracy to fix the price of shock absorbers installed in cars and motorcycles sold to US consumers. Specifically, KYB conspired from the mid-1990s until 2012 to fix the prices of shock absorbers sold to Fuji Heavy Industries Ltd. (manufacturer of Subaru vehicles), Honda Motor Co., Kawasaki Heavy Industries, Nissan Motor Company, Suzuki Motor Corporation and Toyota Motor Company. DOJ