China has imposed fine of $202m on twelve Japanese car parts makers for allegedly price-fixing.
The ruling came after Chinese regulators raided foreign companies including Mitsubishi Electric, Sumitomo Electric, Audi, BMW, Daimler, and General Motors.
The companies were reportedly breaking the country's anti- monopoly law, by trying to affect the pricing of auto parts, bearings and in some cases the entire vehicles.
Under the anti- trust law of China, the authorities can fine a company up to 10% of the guilty company's annual revenues.
China is one of the world's largest car markets, and foreign auto makers have been scrutinized by the country after the authorities found out that they were making profit by overcharging customers.
Some sources claim that China is trying to target foreign manufacturers to make way for domestic manufacturers, but the country denied all such allegations.
