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China: Foreign auto market crackdown shows no signs hitting the breaks

By  |  August 7, 2014

Chinese regulators do not appear to be slowing down their crackdown on the foreign auto market.

According to reports, the nation’s National Development and Reform Commission is reportedly probing Toyota Motor Corp as part of its investigation. Unnamed sources say the NDRC contact Toyota about its business practices, though the exact reason for the questioning was unclear. Toyota declined to comment on the matter.

China recently announced plans to fine a dozen foreign auto parts manufacturers as well as luxury car makers for anticompetitive behavior following an investigation first launched at the end of 2011.

As a response, some car companies, including Mercedes-Benz, have lowered prices in the nation.

Full content: Bloomberg

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