Kiekert AG to plead guilty in U.S. to bid rigging involving auto parts

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By Diane Bartz | WASHINGTON

WASHINGTON Kiekert AG, which makes car locks and
door latches for auto makers, has agreed to plead guilty to bid
rigging and to pay a $6.1 million fine, the U.S. Justice
Department said on Tuesday.

Kiekert was part of a conspiracy to rig bids for parts sold
to Ford Motor Co between mid-2008 and mid-2013, the
department said.

The German company will plead guilty to one criminal count
in the U.S. District Court for the Eastern District of Michigan,
the department said.

Kiekert said in a statement that it regretted the bid
rigging and had taken steps to ensure there was no recurrence.

“Kiekert has conducted an extensive internal investigation
and has cooperated actively and fully with the authorities at
all times,” the company said in a statement. (Reporting by Diane Bartz; Editing by Lisa Shumaker)



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