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China: GM claims reports of antitrust probe are wrong

By  |  August 13, 2014

General Motors’ unit in China has come out against reports that it is now under investigation by competition officials.

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    According to reports, Shanghai General Motor said Tuesday that “the news about Shanghai GM being investigated for monopolistic practices and is incorrect and is a misinterpretation of a statement we issued previously.” Reports emerged earlier this week that GM was contacted by the National Development and Reform Commission regarding its broader investigation into foreign auto companies, a controversial case that has caught global attention.

    But according to Shanghai GM, its earlier statement about cooperating with the NDRC was merely a clarification of where the company stands with competition authorities in the country, adding that it prices its products at reasonable levels in the nation.

    Full content: ECNS.com

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