Chrysler, Audi facing monopoly penalties
Anti-trust probes into Chrysler and Audi have found that they have pursued monopolistic practices and will be punished, an official with China’s top economic planning agency said.
Li Pumin, spokesman of the National Development and Reform Commission (NDRC), told reporters that the two investigations are drawing to an end, without specifying details of the punishment.
According to Li, the NDRC has recently finished investigations into 12 Japanese companies and found monopolistic behaviors in auto parts and bearing prices. Li said the commission will punish them in accordance with the law.
China has an anti-monopoly legal system containing Regulations on Anti-Price Monopoly and Procedural Regulations on Administrative Enforcement of Anti-Price Monopoly.