Continental Automotive Electronics, Continental Automotive Korea to plead guilty for price-fixing in US
To pay USD4 million in fines
Continental Automotive Electronics (CAE) and Continental Automotive Korea (CAK) have agreed to plead guilty for their involvement in a conspiracy to rig bids of instrument panel clusters installed in Hyundai-Kia vehicles manufactured and sold in the United States and elsewhere, says the US Department of Justice (DOJ), citing a charge filed yesterday (24 November) in the US District Court of Georgia.
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