An executive for a Japanese auto parts manufacturer recently was indicted by a federal grand jury in Kentucky for violating U.S. antitrust laws by colluding with competitors to sell speed sensor wire assemblies for antilock braking systems. The indictment stemmed from several alleged meetings with unnamed competitors to coordinate bidding and fix prices of the speed sensors sold into the United States. Former G.S. Electech Executive Director of Sales Shingo Okuda, a Japanese citizen, was charged after G.S. Electech pleaded guilty in May 2012. The company was required to pay $2.75 million in criminal fines for its role in the conspiracy. The charges represent the 16th indictment of an executive in the DOJ’s ongoing investigation of price-fixing in the auto parts industry. Eleven companies have been charged, and over $874 million in criminal fines have been imposed, according to DOJ.