• Kyodo

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The European Union fined Mitsubishi Electric Corp. and Hitachi Ltd. on Wednesday a total of around €137.8 million (¥18.05 billion)after finding that the two Japanese firms had participated in a cartel over the sale of auto parts.

Denso Corp. was also part of the action that coordinated prices in Europe between 2004 and 2010, but it escaped a fine after blowing the whistle.

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