VW and Chrysler fined for price-fixing in China  [ China ]

China's regulator announced on September 16 that it will impose a fine of total RMB 300 million (USD 46 million) on Volkswagen and Chrysler for their local sales units' violating antitrust laws.The price regulator will fine the sales unit of Volkswagen's joint venture FAW-Volkswagen Automobile Co Ltd RMB 248.58 million and eight Audi dealers RMB 29.96 million. Since 2012, the joint venture had ...