Toyota officials appearing on NDRC's radar
By Reuters | China Daily | Updated: 2014-09-17 08:42
Regulator probes pricing policies regarding spare, replacement parts
The National Development and Reform Commission, China's price regulator, has summoned executives from Toyota Motor Corp for questioning over pricing policies and practices for spare and replacement parts in its luxury Lexus division, people with direct knowledge of the matter said.
The questioning coincided with the first-ever punishments of foreign automakers for price - fixing this month, when fines were imposed on the Chinese venture of Volkswagen AG and the China sales unit of Fiat's Chrysler.
Photo