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Japanese auto parts suppliers fined over price monopoly

2014-08-20 10:46 Xinhua Web Editor: Qin Dexing

A total of 12 Japanese auto parts suppliers have been fined 1.24 billion yuan (about $201 million) in China due to price monopoly, China's top price regulator confirmed Wednesday.

The Japanese auto parts suppliers punished include Hitachi, Denso, Aisan, Mitsubishi Electric, Mitsuba, Yazaki, Furukawa, Sumitomo and bearing makers Nachi, NSK, JTEKT and NTN, the National Development and Reform Commission said Wednesday.

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