
China said two separate anti-trust probes into Chrysler and Audi have found that the two multinational carmakers have pursued monopolistic practices and will be punished, state-run Xinhua News Agency reported Wednesday.
"The two investigations are drawing to an end," spokesman of the National Development and Reform Commission (NDRC) Li Pumin told reporters in Beijing without specifying details of the punishment. Li also confirmed that an anti-trust investigation into dealers of German auto giant Mercedes-Benz were also launched last week in five cities.
On Monday, inspectors made visits to Mercedes-Benz's premises in Shanghai, according to Li. "Inspectors are still collecting evidence and investigating whether Mercedes-Benz has used monopolistic tactics," he said.
The NDRC, China's top economic planning agency, is also one of three government anti-trust agencies in the country. It is in charge of the examination and regulation of price-related monopolistic practices.
The NDRC has recently finished investigations into 12 Japanese companies and found monopolistic behaviors in auto parts and bearing prices, the spokesman said, adding that the commission will punish them in accordance with the law.
Li said the NDRC launched anti-monopoly probes into the auto industry at the end of 2011 with the aim to safeguard competition in the market and protect customers' legitimate rights.
GMT 09:54 2018 Tuesday ,23 January
Davos-bound bosses very upbeat on world economyGMT 09:37 2018 Tuesday ,23 January
Former KPMG executives charged in accounting oversight scamGMT 22:49 2018 Sunday ,21 January
Brexit special trade agreement possibleGMT 22:46 2018 Saturday ,20 January
China economy rebounds in 2017 with 6.9% growthGMT 22:37 2018 Saturday ,20 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 19:58 2018 Saturday ,20 January
Watchmakers hope to make Chinese market tickGMT 19:54 2018 Saturday ,20 January
US shutdown unlikely to harm debt rating: FitchGMT 19:50 2018 Saturday ,20 January
EU's Moscovici slams Ireland, Netherlands as tax 'black holes'

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor