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
-
Report: Ghosn Kept List of Hidden Compensation
Japanese prosecutors have found a list apparently created by former Nissan Motor Co. Chairman Carlos Ghosn that charts compensation the company didn’t report but he expected to receive, The Nikkei says.
-
Ex-FCA Official Pleads Guilty in Labor Training Fund Scandal
Alphons Iacobelli, a former head of labor relations for Fiat Chrysler Automobiles NV in the U.S., has pleaded guilty of stealing millions of dollars from an employee training fund.
-
Dealers Claim FCA Falsified Sales Reports
Two dealerships outside Chicago have filed a federal lawsuit claiming Fiat Chrysler Automobiles NV offered them cash to report unsold vehicles as sold, Automotive News reports.