Four Japanese auto suppliers to pay 3.4 billion yen for price fixing

Mitsubishi Electric Corporation, Mitsuba Corporation, T.RAD Co., Ltd., Calsonic Kansei Corporation and Hitachi Automotive Systems, Ltd. announced on November 22, 2012, the five companies have received Cease and Desist Orders from the Japan Fair Trade Commission (JFTC), regarding their violations of the Antimonopoly A....

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