The Hill December 2019 / BY JOHN BOWDEN / Read original article here
California’s attorney general announced Wednesday that the state has secured $23 million in settlements against dozens of auto part manufacturers over illegal bid fixing that led to an inflation in part costs.
Attorney General Xavier Becerra‘s (D) office said in a press release that dozens of companies conspired to fix prices on certain auto parts, eliminating competition in the market and affecting both foreign and domestic vehicles.
“A vehicle is one of the most expensive and important purchases working families can make,” Becerra said in a statement. “Competition is vital to sustain our marketplace and keep products affordable for consumers. Today’s announcement is the culmination of years of work by our office to hold these auto parts companies accountable and to maintain a fair and competitive economy for Californians.”
Read the rest of this article HERE
