China fines Ford’s Changan venture for antitrust violations
Joint venture breached the law by setting a minimum resale price for its cars
05 June 2019 - 18:35
Shanghai — China’s market regulator has fined Ford Motor’s main local joint venture 162.8-million yuan ($23.55m) for violating anti-monopoly laws, the latest carmaker with foreign partners to face such penalties.
The move comes amid an intensifying trade war between the US and China, and as Washington put Chinese tech giant Huawei on a trade blacklist, raising concerns among US firms that they might be targeted for retaliation...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.