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Audi and Chrysler to be punished for breaking anti-monopoly law

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Audi and Chrysler to be punished for breaking anti-monopoly law

China stated that foreign car makers Audi and Chrysler are to be punished together with 10 Japanese spare-part makers for violating the country’s anti-monopoly law.

The National Development and Reform Commission (NDRC), which handles enforcing rules against anti-competitive pricing, said this Wednesday that it found Fiat SpA’s Chrysler in Shanghai and Volkswagen’s Audi in Hubei to have engaged in monopolistic behavior. Li Pumin, spokeman for NDRC, stated at a conference in Beijing that the government has also completed investigations into 12 Japanese auto-parts makers and will establish what the punishment is for those found to be breaking the anti-monopoly law.

China has been making efforts to make companies comply with the anti-monopoly law enacted there in 2008, having taken aim for the past years at industries varying from milk powder to jewelry. In recent months, regulators have gathered evidence regarding companies like Mead Jonson Nutrition Co and Danone SA, both having received substantial fines after past investigations. Other targeted companies include chipmaker Qualcomm Inc, expected to get a heavy fine after last week it was officially labeled as monopolistic, while Microsoft Corp is currently being investigated. The NDRC said that it was also conducting an investigation into Daimler’s Mercedes-Benz and as of last week the Jiangsu division of the NDRC conducted investigation into Mercedes-Benz dealers in five cities.

By Gabriela Florea

by Cristian Gnaticov (my Google+) - Wednesday, August 6th, 2014 - filed under Audi, Chrysler, Industry, News. Image credit: .
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