OREANDA-NEWS. Hitachi Automotive Systems, Ltd. announced that it has agreed with the United States Department of Justice to conclude a plea agreement regarding violations of U.S. antitrust laws occurring in connection with the sales of certain automotive parts to certain OEM customers. As part of the plea agreement, Hitachi Automotive Systems has agreed to pay a fine in the amount of one hundred and ninety-five (195) million U.S. dollars.

Hitachi Automotive Systems is committed to ensuring to comply with all applicable antitrust laws or competition laws by instituting several measures to prevent recurrence, including strengthening of internal guidelines, educational training sessions for employees by utilizing manuals etc. and the occurrence of audits at regular intervals, as well as the measures taken under the Cease and Desist Order from Japan Fair Trade Commission on November 22, 2012. Hitachi Automotive Systems intends to ensure thorough compliance going forward by carrying on with these activities and by strengthening them even further throughout the company.