Mexican Media Brands
China Prepares to Sanction U.S. Carmaker for Price Fixing
China is preparing to fine an undisclosed U.S. carmaker for ordering its distributors to fix prices beginning in 2014, according to China Daily. Media reports say General Motors Co. is the target.
#legal
Share
China is preparing to fine an undisclosed U.S. carmaker for ordering its distributors to fix prices beginning in 2014, according to China Daily. Media reports say General Motors Co. is the target.
Zhang Handong, the director of China’s National Development and Reform Commission’s price supervision bureau, tells the official government newspaper the timing of the sanction for “monopolistic behavior” is unrelated to president-elect Donald Trump’s criticism of China’s trade policies and his challenge of the “one China” doctrine that Taiwan is part of mainland China.
China Daily says the commission has levied six fines against carmakers since it launched its anti-monopoly investigations five years ago. Within the past two years NDRC has penalized Audi, Daimler and Fiat Chrysler Automobiles—along with a dozen Japanese suppliers—for overcharging customers.
RELATED CONTENT
-
Tesla Sued Over Fatal Crash of Car in Autopilot Mode
Tesla Inc. has been sued by the family of a California man whose Tesla Model X crossover vehicle crashed into a highway barrier last year while the car was operating in semi-autonomous Autopilot mode.
-
U.S. Probes Possible Bosch Role in VW Diesel Scandal
The U.S. Dept. of Justice is investigating whether Robert Bosch GmbH aided Volkswagen AG in cheating on diesel emission tests, sources tell Reuters.
-
Grand Jury Indicts Former FCA Executive In Union Payoff Scheme
A former labor relations executive at Fiat Chrysler Automobiles NV has been charged with making more than $2.2 million in illegal payments to himself and a United Auto Workers union official in Detroit.