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China: General Motors becomes latest antitrust target

By  |  August 12, 2014

As China continues its investigation into foreign auto companies, General Motors has confirmed that it has been contacted in the nation by antirust officials.

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    GM said its passenger-vehicle joint venture in the nation was contacted by the National Development and Reform Commission. That venture, Shanghai GM, is run by GM and SAIC Motor Corp. The company said Monday the NDRC’s pricing and antimonopoly units are probing the firm.

    China has recently been pressuring foreign auto makers operating in the nation on suspicion of unfair pricing strategies. Some overseas companies, including Mercedes-Benz and Toyota, have already vowed to lower prices in China in direct response to the investigation, Honga, Fiat’s Chrysler, Jaguar Land Rover, Tata Motors, Volkswagen’s Audi, and Bayerische Motoren Weke are all confirmed as part of the NDRC’s investigation.

    Full content: Businessweek

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