July 18, 2013 / 6:32 PM / 4 years ago

Three manufacturers to plead guilty to price fixing -U.S.

WASHINGTON, July 18 (Reuters) - Panasonic Corp, its affiliate Sanyo Electric Co Ltd and LG Chem Ltd agreed to plead guilty to separate price-fixing allegations involving automotive parts and battery cells, the U.S. Justice Department said on Thursday.

Panasonic agreed to pay about a $45.8 million criminal fine, Sanyo agreed to pay $10.7 million and LG Chem $1.1 million, the department said in a statement.

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