Thursday, August 14, 2014

Excessive Prices: China Audi buzzing probably 30-million-euro penalty on – ABC Online

Excessive Prices: China Audi buzzing probably 30-million-euro penalty on – ABC Online

Thursday, 14.08.2014, 07:41
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The position of the German carmaker in China is more and more uncomfortable. According to a newspaper report, the competition authorities of the country Audi hum now to a fine of 30 million euros. Also, Mercedes Benz and BMW dealers are being targeted by the authorities.

The Chinese competition authorities want a newspaper report that impose Audi a fine of 30 million euros . The sum calculate from a certain percentage of the Audi -Umsatzes in Hubei Province, reported the Chinese business newspaper “21st Century Business Herald” on Thursday, citing a person familiar with the case . Other media even speak of 218 million euros

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Audi was not immediately be reached for comment!. In the antitrust dispute is about allegedly excessive prices. Audi had already conceded that the dealer network of the joint venture with local automaker FAW in the central Chinese province “partially against the national anti-monopoly law violated” have and the VW subsidiary accept a sentence will.

Too high prices for spare parts, service and cars

The Chinese Antitrust Authority NDRC had foreign vehicle manufacturers accused of excessively high prices for spare parts, servicing or in part for the cars themselves demand. Manufacturers such as Audi, Mercedes, BMW or Jaguar Land Rover raced in recent weeks with price reductions – in the hope that the investigator to appease

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Despite its expanded China’s criminal actions.. For weeks, increasing China’s price monitor the pressure on the auto industry. With several companies there were raids. Meanwhile, to investigations against more than 1,000 car companies, dealers and suppliers run. Particularly premium manufacturer in focus. The Daimler Mercedes Benz subsidiary and the U.S. carmaker Chrysler were targeted by the authorities. Up to ten percent of what taking corporations in China, might by law become due.



BMW dealer punished

In addition, China’s competition watchdog four BMW dealers in the province Hubei were sentenced to fines, as BMW on Thursday confirmed on request. The amount of the penalty amounts to a total of 1.6 million yuan (195,000 euros), as the official Xinhua news agency reported, citing government figures. The dealers had their prices illegally denied

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