Mitsubishi has agreed to pay $84.4 million to resolve claims by car buyers and auto dealers in multidistrict litigation accusing the company of conspiring with others to fix prices on auto parts.
Mitsubishi will pay $64.23 million to the auto buyers and $20.2 million to the auto dealers to resolve their claims that it conspired to allocate the supply of auto parts and sell them at noncompetitive prices in the U.S. and elsewhere.
The MDL against manufacturers, marketers and sellers had been split into separate proceedings for different automotive parts. The sprawling class action lawsuit pending in Michigan federal court involves dozens of separate auto parts. The parts at issue in the Mitsubishi case included alternators, starters, ignition coils, fuel injection systems, valve timing control devices, wire harness systems, hid ballasts and electronic powered steering assemblies. The settlements for the auto buyers now exceed $288 million.
The MDL is In re: Automotive Parts Antitrust Litigation, case number 2:12-md-02311, in the U.S. District Court for the Eastern District of Michigan.