Hitachi Automotive to Pay $55.48 Million Fine for Role in U.S. Price-Fixing

Hitachi Automotive to Pay $55.48 Million Fine for Role in U.S. Price-Fixing

Hitachi Automotive Systems Ltd agreed to plead guilty to fixing the price of shock absorbers installed in U.S. autos and to pay a criminal fine of $55.48 million, the Justice Department said in a statement on Tuesday.

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