Supplier Wanxiang to Pay $53M to Resolve Probe into Imported Auto Parts

The Justice Department said Thursday it had reached a settlement with the U.S. arm of Chinese auto parts supplier Wanxiang over import tariffs owed on wheel hub assemblies and other parts imported from China over a five-year period.

The U.S. government said the settlement ends nearly 10 years of litigation, with the United States collecting all the lost revenue it sought and over $30 million in civil penalties. Wanxiang America did not admit wrongdoing. The Justice Department said Wanxiang falsely classified its imported wheel hub assemblies and failed to disclose the parts were covered by the antidumping tariff order, which resulted in the auto parts company vastly underpaying the amount of customs and antidumping tariffs owed on its merchandise.

(Reporting by Shepardson in Washington; Editing by Lisa Shumaker)