Chrysler, VW fined $46 million for unfair pricing
By Reuters and Agence France-Presse | China Daily | Updated: 2014-09-12 07:24
China's antitrust regulator on Thursday announced its first-ever punishment of foreign carmakers for price-fixing, fining Volkswagen AG and Fiat's Chrysler a combined $46 million.
The penalty raised the possibility of similar fines being levied against other global players, such as Daimler's Mercedes-Benz and Tata Motor Ltd's Jaguar Land Rover, which are being probed for possible anti-competitive behavior.
The Shanghai Municipal Development and Reform Commission said in a statement it would fine Chrysler's China sales unit 32 million yuan ($5.22 million) for operating a price monopoly.
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