Audi faces fine for price fixing
By Li Fusheng | China Daily | Updated: 2014-09-15 09:30
Monopolistic acts by its joint venture division, eight dealers
Autumn is harvest time , but for German automaker Audi's joint venture partner, the season has brought an unwanted result - unflattering publicity and a fine for price fixing.
On Sept 11 the Hubei Provincial Commodity Price Bureau announced a fine of about 249 million yuan ($40.62 million) for monopolistic practices by FAW-Volkswagen's Audi division. Eight Audi dealers in Hubei province were also fined a total of nearly 30 million yuan.
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