Auto Parts Price Fixing: Executives Agree To Prison Time For Shafting Ford, Toyota And Subaru On Ignition Coils To Cars Made In US

The U.S. Justice department announced Friday the latest in a year-long series of investigations and hearings: Two former Japanese auto executives have pleaded guilty and agreed to prison time for dishonest pricing of parts used by Ford Motor Co. (NYSE:F) Toyota Motor Corp. (TYO:7203) and Fuji Heavy Industries (TYO:7270) the company that owns the Subaru brand.