ID:
1559710775521392800
Wed, 2019-06-05 04:36
BEIJING: China on Tuesday imposed a $23.6 million fine on US automaker Ford’s joint venture for “price fixing” in violation of anti-monopoly laws — a move coinciding with growing trade tensions with the United States.
Changan Ford Motor Co. “set a minimum resale price” since 2013 for vehicles sold in the southwestern city of Chongqing that “deprived dealers of pricing autonomy... and damaged fair competition and legitimate interests of consumers,” the State Administration for Market Regulation said in a statement.
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