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Violation Tracker Individual Record

Company: Continental Automotive Electronics LLC and Continental Automotive Korea Ltd.
Current Parent Company: Continental AG
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $4,000,000
Year: 2014
Date: November 24, 2014
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: Continental Automotive Electronics LLC and Continental Automotive Korea Ltd. both have agreed to plead guilty and to pay a single criminal fine of $4 million for their roles in a conspiracy to rig bids of instrument panel clusters installed in vehicles manufactured and sold in the United States.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: Germany
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: automotive parts
Specific Industry of Current Parent: automotive parts-tires
Source of Data: (click here)
Archived Source: (click here)
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.