Post Tagged with: "penalty"

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US: Ferrari fined a record $3.5 million

US: Ferrari fined a record $3.5 million

The Italian luxury sports car manufacturer has been fined a record $3.5 million by US regulators because of its failure to report customer complaints, injuries and alleged defects fast. The US safety agency – the National Highway Traffic Safety Administration – said that among the causes that brought the highest […]

China: Audi agrees to penalty amid antitrust investigation

China: Audi agrees to penalty amid antitrust investigation

Volkswagen’s premium unit Audi has moved to ‘accept penalty’ in China’s ongoing probe of the automotive industry, which centeres on prices of spare parts. China’s National Development and Reform Commission (NDRC) started the investigation after numerous media reports stated that buyers in the country were charged more than customers in […]