WASHINGTON—Panasonic Corp. agreed to plead guilty to price-fixing allegations involving automotive parts sold to Toyota, Honda, Mazda and Nissan, the U.S. Justice Department said Thursday. Panasonic will pay a $45.8 million criminal fine.
ATKINS, VA—In the depths of the recession, TRW’s assembly plant employed just 20 people. Today, the facility employs 350 people and plans to ship 1.4 million steering units this year.
AUBURN, AL—Auto supplier Donghee America Inc. plans to invest $48 million to open a 117,000-square-foot assembly plant here, creating 80 jobs.The facility will produce fuel tanks.
EVANSVILLE, IN—Systems integrator Evana Automation recently received a contract from a Tier 1 automotive supplier to provide a multistation system to assemble and test a lane departure warning system.
EVANSVILLE, IN—Systems integrator Evana Automation has received a multiyear contract from a Tier 1 automotive supplier to provide six custom assembly and test systems that will simplify the production of automobile steering assemblies.
PULASKI CITY, TN—Magneti Marelli has opened a $54 million assembly plant here to make automotive lighting. The facility is expected to produce 5 million assemblies annually by 2016.