Chinese BMW dealers fined for monopoly

prototype.com.hk

WUHAN, Aug. 14 -- Authorities in central China's Hubei Province have meted out a combined anti-trust fine of 1.6 million yuan (about 260,000 U.S. dollars) to four BMW dealers, as the country steps up its fight against monopolies held by auto giants. The Hubei price regulator found the four dealers manipulated market prices by forming a price alliance, the local government said on Thursday. The fine came as China ramps up enforcement of its anti-monopoly law. The National Development and Reform Commission (NDRC) said on Aug. 6 that it will punish Chrysler and Audi for monopolistic practices. An NDRC spokesperson said probes into 12 Japanese companies have also found monopolistic behavior on prices of auto parts, and they will be punished in accordance with the law. Price inspectors also visited Mercedes-Benz's Shanghai premises. Many luxury car brands charge Chinese consumers much higher prices than they do in the United States or Europe -- sometimes up to three times as much. As the round of anti-monopoly investigations caught public attention, several luxury car brands have slashed prices in China. Tags: Rapid Prototyping, Rapid Prototyping China, Plastic Tooling, Plastic Tooling China, Rapid Prototype, Rapid Prototype China, Rapid Tooling, Rapid Tooling China, CNC Prototype, CNC Prototype China, Functional Prototype, Functional Prototype China, Metal Prototype, Metal Prototype China, Plastic Prototype, Plastic Prototype China, Rapid Manufacturing, Rapid Manufacturing China, Low volume production, Stereolithography, Stereolithography China, Vacuum Casting, Vacuum Casting China, whatsapp marketing, wechat marketing, seo, e marketing, �W��OӋ�ṩseo, e marketing, web design by zoapcon