China car probes aim for fair market: association
(Xinhua) Updated: 2014-08-09 14:30BEIJING - China's ongoing anti-monopoly investigations into foreign auto makers are aimed at building a fair market, the China Association of Automobile Manufacturers (CAAM) said on Friday.
"These moves were taken in accordance with the Anti-monopoly Law and are expected to clean up the auto market and safeguard the legal interests of Chinese consumers," the CAAM said in a statement.
The National Development and Reform Commission confirmed earlier this week that the investigations found monopolistic practices in Chrysler, Audi and 12 Japanese auto makers and will sanction them.
Anti-monopoly investigations into Mercedes-Benz dealers in Jiangsu province and the company's Shanghai office are still underway.
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