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GM's China venture contacted by regulators about investigation

China’s regulators have launched a series of anti-monopoly probes of global automakers and technology suppliers, prompting suggestions Beijing is trying to force down prices.
By JOE McDONALD, AP Business Writer Published: August 14, 2014
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In brief

GM China is

investigated

General Motors Co.’s main China joint venture has joined automakers that say they have been contacted by Chinese anti-monopoly regulators as part of an investigation of the industry.

Shanghai GM’s announcement follows government announcements that Audi and Chrysler will face unspecified penalties for violating the country’s anti-monopoly law. Mercedes Benz, Toyota’s Lexus luxury brand and Japanese parts suppliers also are under scrutiny.

Regulators have launched a series of anti-monopoly probes of global automakers and technology suppliers, prompting suggestions Beijing is trying to force down prices.

Regulators have yet to disclose the basis of their investigation, but industry analysts say they might be motivated by complaints about high prices for imported luxury vehicles and replacement parts.

Associated Press