Business

Two Japanese auto executives charged with price fixing

Covington: Arrest warrants have been issued for a pair of Japanese automotive parts executives charged in Northern Kentucky with conspiring to fix prices and rig bids of bearings.

A grand jury in Covington handed up the charges against Hiroya Hirose, an executive at NSK Ltd., and Masakazu Iwami, an executive at Jtekt Corp. The U.S. Justice Department announced Friday the pair worked to fix the prices of bearings sold to Toyota Motor Corp. and Toyota Motor Engineering & Manufacturing North America Inc. in the United States and elsewhere beginning as early as 2001 and continuing until as late as July 2011.

Hirose was a group sales manager in NSK’s Mid-

  Comments