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US: FTC next to take on auto parts price-fixing

 |  January 29, 2015

Japanese and German companies supplying auto parts to Hyundai Motor Group are facing an anti-trust probe over allegations of price-rigging, the Fair Trade Commission said Wednesday.

The FTC is investigating five auto parts manufacturers headquartered in Japan and Germany to determine whether they colluded to supply parts at higher-than-market prices.

We are looking into allegations that several Japanese and German auto parts makers colluded to supply their products to Hyundai and Kia at higher prices,” an FTC official said. “The investigation covers a wide range of auto parts manufactured by these companies. But we cannot disclose who is under the probe, given the sensitive nature of the case.

Full Content: The Korea Herald

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