Abstract The US Department of Justice announced on the 17th of this month that Diamond Electric Manufacturing Co., Ltd. has confessed to the price of conspiring to operate the ignition coil in the United States and agreed to bear 1,900...
The US Department of Justice announced on the 17th of this month that Diamond Electric Manufacturing Co Ltd. has confessed to the price of conspiring to operate the ignition coil in the United States and agreed to impose a fine of $19 million. 
The US Department of Justice said that Diamond Motors has confessed that from July 2003 to February 2010, the company had manipulated its prices when supplying ignition coils to customers such as Ford, Toyota and Fuji Heavy Industries. The diamond motor apologized in a statement and initiated a compliance program to ensure that such incidents are prevented in the future.
In addition, the US Department of Justice announced in another statement that an executive named Takayoshi Matsunaga of Autoliv had also agreed to plead guilty, confessing that he had conspired to manipulate the price of the product while supplying seat belts to Toyota. Takayoshi Matsunaga became the 15th corporate executive in the survey. He was sentenced to one year and one day imprisonment and a fine of $20,000.
In addition to diamond motors, the other nine loyal parts companies are Denso Group, Autoliv, Tokai Ricoh, TRW Germany, Nippon Seiki, Fujikura, Furukawa Electric, Yazaki Group and GS Electech.
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