UPDATE 1-Panasonic Automotive executive indicted for price-fixing

Newswire

WASHINGTON, Sept 24 (Reuters) - An executive with Panasonic Automotive Systems Corp was indicted on Tuesday on charges that he conspired to fix the prices of steering wheel switches and other parts sold to Toyota Motor Corp for cars sold in the United States, the Justice Department said. The indictments are the latest in a wide-ranging probe into price fixing of a variety of car parts that has ensnared 11 companies and 19 executives. Panasonic agreed in July to pay about a ...

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