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Economy and Business


Ex-Bridgestone exec to plead guilty in price-fixing case
The company has already agreed to a $425 million fine as part of a massive investigation into the auto-parts industry
by WKSU's M.L. SCHULTZE


Web Editor
M.L. Schultze
 
Bridgestone recently completed work on a new tech and research center in Akron.
Download (WKSU Only)

A former Bridgestone executive has agreed to plead guilty to conspiring to fix prices for auto parts, and is cooperating with a massive U.S. Justice Department investigation into the auto parts industry. 

Yusuke Shimasaki has agreed to pay a $20,000 criminal fine and serve 18 months in prison, according to the U.S. attorneys office. 

His plea deal came the day after three other current and former Bridgestone execs were indicted in Toledo on antitrust charges related to the sale of anti-vibration parts sold to auto makers. 

The company itself has agreed to pay a $425 million fine. And in all, the investigation into the auto parts industry has resulted in nearly $2.3 billion in criminal fines.

Ohio is ranked second in the nation in the number of auto-related jobs. One of Bridgestone’s two research centers is in Akron and employs 600 people.


Related WKSU Stories

Bridgestone exec indictments are latest step in a billion-dollar price-fixing case
Thursday, April 17, 2014

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