moparnut
Administrator
Analysis. Just about every automaker in the world is intent on tapping China,which is the world’s largest market — and stillgrowing. But there are hazards, as GM and Apple have discovered.
The Chinese government is fining General Motors $29 million (4% of annual sales) for “monopolistic pricing,” based on GM’s practice of setting minimum sales prices for dealers. Volkswagen’s Audi brand was fined over $40 million for the same reason.
Read the full story: GM fine shows China hazards »
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The Chinese government is fining General Motors $29 million (4% of annual sales) for “monopolistic pricing,” based on GM’s practice of setting minimum sales prices for dealers. Volkswagen’s Audi brand was fined over $40 million for the same reason.
Read the full story: GM fine shows China hazards »
More...