US fines 9 Japanese auto-parts firms for price-fixing

GMT 15:35 2013 Thursday ,26 September

Arab Today, arab today US fines 9 Japanese auto-parts firms for price-fixing

Arab Today

The United States government said Thursday that nine Japanese auto-parts companies and two executives have pleaded guilty to price-fixing and will pay more than $740 million in fines. The announcement was the latest crackdown in US regulators' long-running investigation of price-fixing and bid rigging in the US auto industry.

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