More than 60 manufacturers of automotive parts—including Hitachi Ltd., Panasonic Corp., and Mitsubishi Electric Corp.—agreed to pay Florida over $13 million to settle claims of price-fixing for bids impacting the costs of government-owned vehicles.
“These automotive parts manufacturers set high prices and rigged contract bids, causing local and our state governments to spend more for vehicles needed for essential public services, like police cruisers,” Florida Attorney General Ashley Moody (R) said in a release.
The settlement will divvy the funds to 80 local governments affected by the companies’ alleged collusion, Moody said. The suppliers allegedly teamed up to increase ...
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