China Fines Audi $40 Million For Violating Anti-Monopoly laws

Citing an unidentified source that the paper described as authoritative, the fine to be imposed on the Volkswagen Group subsidiary is calculated based on a percentage of its 2013 car sales in the central province of Hubei.

Under the 6-year-old anti-monopoly law, the National Development and Reform Commission (NDRC), China's anti-trust regulator, can impose fines of between 1 percent and 10 percent of a company's revenues for the previous year.

jeffgall - 8/14/2014 11:53:38 AM

+1 Boost

So hear is what will happen. By suppressing demand for better products, it will keep the required standards of the Chineese developed products low, which in tern drive higher demand for the imported products. It will also result in lower demand doe infereror Chinese in the international markets. Great plan for mediocracy China!

pepito66 - 8/14/2014 5:06:54 PM

+2 Boost

I think it is time to move out from China , I process you they going to get worse and worse. So open eyes and move on time. Great recommendation for BMW and Mercedes too , is time to GO.

mpls - 8/15/2014 4:49:58 PM

+1 Boost

no ones knows the actual details of the case, so why comment and be judegmental, what if Audi is really guilty?