auto-parts

The charges, filed in a federal court in Michigan, are the latest in the Justice Department's broad and ongoing investigation of international price fixing in the auto-parts industry.

Guilty Pleas Set For Rigging Bids

DETROIT—To understand what the steel industry is up against in dominating the car market, consider seven cubes displayed by German auto-parts giant ZF Friedrichshafen AG at the Detroit auto show, which ended Sunday.

New Steel Rolled Out for Cars

The agreement to plead guilty in the U.S. also comes after Japan's Fair Trade Commission earlier this month fined Yazaki and two other Japanese auto-parts makers a combined ¥12.89 billion, or about $170 million, for rigging bids to supply wire harnesses as a result of the investigation that Japan's FTC began in February 2010.

Guilty Pleas Set For Rigging Bids

Monday's plea agreements came nearly two years after the Federal Bureau of Investigation raided the Michigan offices of Yazaki, Denso and a third auto-parts maker, Tram Inc. Tram was unavailable to comment.

Guilty Pleas Set For Rigging Bids

Reports early last year suggested the retail auto-parts and service company was considering putting itself up for sale, although Pep Boys never commented on the speculation.

Pep Boys to Be Taken Private

DETROIT—In a sign the U.S. auto-parts industry could sidestep most of the financial fallout from Japan's earthquake, bellwether Johnson Controls Inc. reported a 29% jump in quarterly earnings and raised its fiscal-year forecast.

Johnson Controls Profit Jumps 29% on Sales

The Milwaukee, Wis., auto-parts maker forecast profit for the quarter ending June 30 of between 51 cents and 53 cents a share, down from 61 cents a share a year ago.

Quake Ripples at Ford, Johnson

The auto-parts maker also warned it expects revenue and earnings for the current quarter to be hurt by automotive production disruptions in Japan.

Tech Alone Can't Push Dow Higher

Reverberations from the damage to Japan's small auto-parts makers are still being felt around the world.

Quake Ripples at Ford, Johnson

Sherrod Brown D., Ohio said he plans to call for more aggressive trade enforcement action against China on Tuesday, holding an event with labor leaders at the Capitol on highlighting American job losses caused by alleged Chinese unfair practices in the auto-parts trade.

China Loses Trade Appeal Over Its Curbs on Exports