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International

Auto parts manufacturer fined $130 million for price fixing

July 22, 2016 Reprints

Japanese auto parts manufacturer Nishikawa Rubber Co. Ltd. been fined $130 million for price-fixing, reported Design Engineering.

The company admitted to conspiring with other suppliers to fix and rig bids for the sale of automotive body-sealing products in the United States and Canada between January 2000 and September 2012. Nishikawa Rubber has agreed to plead guilty and pay the fine.

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Auto parts manufacturer fined $130 million for price fixing

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