DETROIT—A federal grand jury has indicted a former top-tier global sales executive at Takata Corp. on a charge of participating in a conspiracy to fix the prices for seat belts, the U.S. Department of Justice said today.
EVANSVILLE, IN—Systems integrator Evana Automation is building the fifth and sixth of seven custom assembly and test systems for a Tier 1 automotive supplier. The systems will produce steering assemblies.
DETROIT—Autoliv Inc. has agreed to pay $65 million to various groups of plaintiffs in a massive civil lawsuit over global automotive supplier price-fixing, making it the fourth company to do so in the past year.
DETROIT—A federal grand jury has charged a Japanese executive with conspiring to fix prices on auto parts. According to an indictment filed Thursday in U.S. District Court here, Hitoshi Hirano, while executive managing director at Tokai Rika Co. Ltd., fixed prices of heater control panels sold to Toyota Motor Corp. between 2003 and 2010.
DETROIT—The Detroit Three still have poor relations with their supplier base compared with their Japanese competitors domestically, according to a survey released Monday by consulting firm Planning Perspectives Inc.
ARDEN, NC—BorgWarner Turbo Systems is investing more than $32 million to expand its assembly plant here, with plans to add 63 jobs over the next three years.
