China completes anti-trust probe into 12 Japanese auto firms

SHANGHAI: China, home to the world’s largest auto market, completed an anti-trust investigation into 12 Japanese companies and will punish violators, the nation’s top economic planner said.

The National Development and Reform Commission will announce the details of its investigation into pricing practices for auto components and bearings as well as the actions it plans to take in the near future, according to spokesman Li Pumin, who declined to name the companies.