TOKYO - Investors shrugged Friday after the US Justice Department announced Japan's Panasonic and its subsidiary Sanyo had pleaded guilty to price-fixing involving auto parts and battery cells, agreeing to pay fines totalling $56.5 million.
A third company, South Korea's LG Chem LTD, also pleaded guilty and will pay a more than $1 million criminal fine for price-fixing for its batteries, the department said Thursday in a statement.
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