Toyo enters anti-trust plea agreement

On 26 November, Toyo Tire & Rubber entered into a plea agreement with the United States Department of Justice and agreed to pay a US$120 million fine based on charges that the company violated US anti-trust laws in connection with sales of automotive anti-vibration rubber products and constant-velocity-joint boot products. The Japanese company says it decided to enter into the plea agreement “after careful consideration of the applicable laws, and the results of the findings from the investigation.”

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