Hitachi Automotive Systems HTHIF agreed to plead guilty to fixing the price of shock absorbers installed in U.S. autos and to pay a criminal fine of $55.48 million, the Justice Department said in a statement on Tuesday.
The plea agreement is the latest in a long-running international probe into price fixing of auto parts. With this agreement, 46 companies and 64 people have been charged in connection with the U.S. investigation, the department said.
