Western firms Audi, Chrysler break anti-monopoly law
13 Sept 2014 5:02 AM IST
Chinese authorities have fined automaker Audi 40.5 million and Chrysler 5.2 million on charges of violating anti-monopoly law in a sweeping probe of the auto industry.
The government announced on Thursday that Audi’s China unit was found to have violated the law by enforcing minimum prices that dealers were required to charge for sales and service and Chrysler enforced minimum sales prices. Three Chrysler dealerships were fined for agreeing on minimum prices for repairs.
The government announced on Thursday that Audi’s China unit was found to have violated the law by enforcing minimum prices that dealers were required to charge for sales and service and Chrysler enforced minimum sales prices. Three Chrysler dealerships were fined for agreeing on minimum prices for repairs.
Next Story
