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Former Showa exec indicted in U.S. price-fixing probe

2014-10-16 22:01:11| Auto Parts - Topix.net

A former executive of Japanese auto parts supplier Showa Corp. has been indicted by a federal grand jury in Cincinnati on a charge of conspiring to fix the prices of parts sold to American Honda and others. on one count of participating in a conspiracy to fix prices of pinion-assist type electric power steering assemblies, the U.S. Department of Justice said today.

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