US: Automakers to pay antitrust fine

A group of 52 auto parts manufacturers has agreed to pay California $23 million as part of a decade-old investigation into antitrust law violations stemming from illegal bid rigging, the state said on Wednesday.

Following an investigation by the U.S. Justice Department that began about 10 years ago, 46 companies agreed to pay a total of nearly $3 billion in fines while pleading guilty to price-fixing and bid-rigging in the auto parts industry.

Full Content: Mercury News

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