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EU fines Schaeffler, SKF, three other bearings suppliers USD1.3 billion in price-fixing probe

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JTEKT let off without paying fine for blowing the whistle on the cartel

The European Commission (EC) has found six bearings suppliers – Schaeffler, SKF, JTEKT, NSK, Nachi-Fujikoshi and NTN with its French subsidiary NTN-SNR – to be involved in fixing price of automotive bearings, according to a press release.

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