-
January 2021 M T W T F S S « Jan 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 -
NMeda: Motor sports is really for every one. Glad to know »
-
online spiele: Hi there, You have done a fantastic job. I will d »
-
Lily: I do not comment, but after looking at through a f »
-
jd: Reading this I was reminded of the book " »
-
John E.: Thanks. Perhaps you should consider "Guest Posting »
-
DARPA awards Phase 2 SBIR contract for HEV motorcycle prototype
January 20, 2015 By Neville -
Report: Hyundai to cut price of FCV in Korea to compete with Toyota
January 20, 2015 By Neville -
Nissan LEAF is best-selling EV in Europe for fourth year in a row
January 20, 2015 By Neville -
Ford of Europe designer Stefan Lamm joins VW’s Seat brand
January 20, 2015 By Sean -
Ford’s German production to raise as demand rebounds
January 20, 2015 By Sean
-
Japanese car makers cut parts prices in China after anti-monopoly probe
by Samuel Shen and Pete Sweeney
Japan’s Toyota, Honda and Nissan became the latest foreign carmakers to respond to China’s anti-monopoly investigation into the auto industry, as the probe’s impact extends beyond foreign luxury auto brands.
GAC Toyota Motor Co, Toyota’s joint venture with China’s GAC Group, and Guangqi Honda Automobile Co, Honda’s venture with GAC, both said late on Friday they would cut spare part prices due to the investigation.
Nissan’s joint venture with China’s Dongfeng Motor Group Co said it paid close attention to the regulator’s suggestions and was actively studying improvements.
The moves came on the heels of price cuts by foreign luxury brands including BMW, Mercedes-Benz, Audi, Chrysler and Jaguar Land Rover over the past month, as China’s price regulator, the National Development and Reform Commission (NDRC), steps up scrutiny of the industry.
China has also wielded its anti-monopoly law against other industries, including milk power and software. It targeted multinationals Mead Johnson Nutrition Co and Danone SA, which the regulator slapped with hefty fines, as well as U.S. chipmaker Qualcomm Inc, which faces the prospect of a $1 billion fine.
China’s anti-trust investigations target monopolistic practices in general and aim to promote fair competition and protect consumer interests, China’s Ministry of Commerce spokesman Shen Danyang said in a statement posted on the Ministry’s website.
Both domestic and foreign firms must bear the due liabilities if they break the law, Shen said.
Industry experts say automakers have too much leverage over car dealers and auto part suppliers, enabling them to control prices, considered as a violation of China’s anti-trust laws.
China, the world’s biggest auto market, is dominated by foreign brands.