Japan Fines Auto Parts Cos. $49.1M For Bid-Rigging
The Japan Fair Trade Commission said Koito Manufacturing Co. Ltd., Ichikoh Industries Ltd. and Stanley Electric Co. Ltd. rigged the bidding process for supply contracts with automakers by preordaining the winners and losers.
Koito faces a $36 million penalty, while Ichikoh will pay $13.1 million. Stanley, though involved...
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