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

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(Globalpost/GlobalPost)

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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http://www.globalpost.com/dispatch/news/afp/130926/us-fines-9-japanese-auto-parts-firms-price-fixing-0