The Hubei Province and Shanghai Price Bureau fines automobile companies for price-monopoly (FAW-Volkswagen - Audi - Chrysler)

FAW-Volkswagen, Chrysler and Related Dealers Fined Nearly RMB280 Million for Monopolistic Conduct* Background The automotive industry has undergone a new round of “antitrust crackdowns”. On 11 September 2014, Hubei Price Bureau released its decisions to impose penalties arising from a price monopoly on FAW-Volkswagen Sales Co., Ltd (“FAW-Volkswagen”) of RMB248.58 million (USD40.52) and eight Audi dealers in Hubei Province amounting to RMB29.96 million [1]. Two Audi dealers, i.e. Hubei Aoze and Wuhan Aojia, were exempted from the penalty. On the same day, Shanghai’s municipal price authority imposed a fine of RMB31.68 million (USD5.16 million) on Chrysler (China) Automotive Sales Co., Ltd (“Chrysler”) and a combined RMB2.14 million fine on its three dealers in Shanghai for price monopoly

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  • AnJie Law (Beijing)

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Michael Gu, The Hubei Province and Shanghai Price Bureau fines automobile companies for price-monopoly (FAW-Volkswagen - Audi - Chrysler), 11 September 2014, e-Competitions September 2014, Art. N° 70056

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