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James Robert Liang is facing five years in prison and a $250,000 fine.

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Justice Department and VW holding settlement talks.

Things just keep getting worse for VW.

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A global auto industry price-fixing scandal being investigated by the US Department of Justice continues to unfurl as ever more companies – most of them Japanese – are found guilty of fixing the prices of numerous types of vehicle parts. Toyo Tire & Rubber is the latest company to agree to plead guilty to the crime and to pay a fine of $120 million, according to a statement by the DoJ.

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