(MENAFN) The US Justice Department said German auto parts firm Robert Bosch was fined USD57.8 million on accusations of price-fixing and rigging bids for parts sold in the US, AFP reported.
Bosch pleaded guilty to one felony count of bid rigging and price fixing of spark plugs, starter motors and oxygen sensors it sold to DaimlerChrysler, Ford, General Motors and Andreas Stihl between 2000 and 2011.
In addition, Bosch is charged with participating in a conspiracy to fix the prices of starter motors sold to Volkswagen between 2009 and at least June 2010, the justice department said.
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