China Probe Targets VW Executives

China is investigating two executives of FAW-Volkswagen Automotive Co. on unspecified charges of "seriously violating the law," Reuters says.

The 87-year-old Central Commission for Discipline Inspection investigates corruption involving Communist Party members. The commission has become the primary tool of President Xi Jinping to consolidate his power.

CCDI identifies the targets of its probe as former FAW-VW deputy general manager Li Wu and current deputy general manager of the venture's Audi sales unit Zhou Chun.

Reuters says it is not clear if the CCDI investigation is related to continuing probes into auto parts pricing by the country's National Development and Reform Commission.

NDRC reportedly intends to fine Audi 250 million yuan ($41 million) for violating the country's anti-monopoly laws. The commission has fined a dozen Japanese parts suppliers, says it will levy penalties against Chrysler and Mercedes-Benz. The group also is investigating the pricing practices of BMW, General Motors, Jaguar Land Rover and Toyota.