Shanghai GM Under China Anti-Trust Probe
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Like Audi and Chrysler, Shanghai GM is under scrutiny of Chinese anti-monopoly regulators as part of an investigation of the industry. However, unlike the two automakers, Shanghai GM has yet to be charged with anything. Mercedes Benz, Toyota’s Lexus luxury brand and Japanese parts suppliers also are under scrutiny, according to The Detroit Free Press.
According to the report, Chinese regulators have launched a series of anti-monopoly probes of global automakers and technology suppliers. This in turn has prompted suggestions Beijing is trying to force down prices.
Regulators have yet to disclose the basis of their investigation. However, industry analysts say they might be motivated by complaints about high prices for imported luxury vehicles and replacement parts.
“Since 2012, Shanghai GM has actively responded to and coordinated with the anti-monopoly bureau in its investigative and research work,” said a Shanghai GM statement.
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