China

Toyota to cut prices of Lexus parts in China amid antitrust concerns

7:09 am U.S. ET | Aug. 21, 2014
Toyota said today it would cut prices of parts for its luxury Lexus models in China, following similar moves by its German rivals, in response to heightened regulatory scrutiny over antitrust issues.... Read More »

 

Police arrest 3 plant officials tied to deadly blast at China parts factory

4:14 pm U.S. ET | Aug. 20, 2014
Chinese police have arrested three people in connection with an explosion at an auto parts plant that killed 75 people in China's worst industrial accident in a year, state media reported.... Read More »

 

China levies record $200 million fine on Japan suppliers

Aug. 20, 2014 12:11 CET
China has fined 12 Japanese suppliers a record 1.24 billion yuan ($200 million) for alleged price fixing amid one of the broadest investigations since the nation's antitrust law came into effect six years ago.... Read More »

 

HANS GREIMEL

Why Korea could be next to crack down on foreign brand pricing

12:01 am U.S. ET | Aug. 20, 2014
Could China's crackdown on perceived price gouging by foreign automakers trigger a domino effect next door in South Korea, where sale of overseas brands are heating up?... Read More »

 

2 Japanese suppliers fined in China's antitrust crackdown

6:23 am U.S. ET | Aug. 19, 2014
China's antitrust regulator fined Japanese bearing makers NSK Ltd. and NTN Corp. a combined 4.8 billion yen ($47 million) for violating rules in a probe into industry pricing practices.... Read More »

 

HANS GREIMEL

Why Korea could be next to crack down on foreign brand pricing

8:55 am U.S. ET | Aug. 19, 2014
Could China's crackdown on perceived price gouging by foreign automakers trigger a domino effect next door in South Korea, where sale of overseas brands are heating up?... Read More »

 

Saab's owner seeks partner to secure brand's future

Aug. 19, 2014 11:15 CET
Saab's owner, National Electric Vehicle Sweden, says it is in discussions with potential partners as it seeks to restart car production and develop future models.... Read More »

 

China finds Mercedes guilty of price fixing, report says

Aug. 18, 2014 10:53 CET
Mercedes has been found guilty of manipulating prices for aftersales services in China, the official Xinhua news agency reported. Foreign automakers have been under scrutiny in China amid reports by state media that they are overcharging consumers.... Read More »

 

China needs Europe-like open competition, Volvo Chairman says

Aug. 18, 2014 13:46 CET
Volvo Chairman Li Shufu says China should stop trying to hinder competition in the world's largest automaker. "It's best if it's completely open, like in the U.S. and Europe; whoever wants to produce cars can do it," Li said.... Read More »

 

ZF plans big expansion of Shanghai r&d center

Aug. 17, 2014 06:01 CET
ZF Friedrichshafen is investing 50 million euros (412 million yuan) in a fivefold expansion of its Shanghai headquarters and research hub.... Read More »

 

Chinese EV, plug-in hybrid output soars tenfold in July

Aug. 17, 2014 06:01 CET
Automakers, aided by government subsidies, produced 5,799 electric vehicles and plug-in hybrids in China in July, 10 times more than in the same month last year.... Read More »

 

YANG JIAN

Why Beijing's antitrust crackdown has little to do with protectionism

12:01 am U.S. ET | Aug. 17, 2014
Beijing's slew of antitrust investigations into the pricing practices of foreign automakers is more likely to harm Chinese brands than to protect them.... Read More »

 

Daimler to recall 50,000 Smarts in China

Aug. 15, 2014 12:33 CET
Daimler is recalling about 50,000 Smart ForTwos in China. Authorities identified that vibrations can cause the V-belt, an engine component that drives the cooling fan and the alternator, to tear.... Read More »

 

Audi, Mercedes gain on BMW in global sales race

Aug. 15, 2014 06:01 CET
Audi and Mercedes are closing in on global premium sales leader BMW as the race between the three tightened last month.... Read More »

 

China's Brilliance mulls Italy car plant, prime minister says

Aug. 14, 2014 22:13 CET
Italian Prime Minister Matteo Renzi said that Chinese carmaker Brilliance China Automotive had expressed an interest in opening a plant in Italy. Renzi is trying to encourage foreign investment in Italy, which has fallen back into recession.... Read More »

 

VW sedan under Chinese investigation for axle problem

Aug. 14, 2014 14:48 CET
China's quality inspector has started an investigation into potential defects on a locally produced VW sedan after a growing number complaints from owners about the car's rear axle.... Read More »

 

Europe group questions China antitrust probes

Aug. 13, 2014 13:25 CET
The European Union Chamber of Commerce in China on Wednesday expressed concern over a recent series of antitrust investigations, saying China was using strong-arm tactics and appeared to be unfairly targeting foreign firms.... Read More »

 

Audi will 'accept penalty' in China anti-monopoly probe

Aug. 12, 2014 10:57 CET
Audi will accept punishment from Chinese authorities for breaching anti-monopoly laws in the world's largest car market, according to a statement from the automaker.... Read More »

 

YANG JIAN

Why China's NDRC has become country's antitrust watchdog

12:01 am U.S. ET | Aug. 12, 2014
China's NDRC used to be very friendly toward foreign automakers, approving numerous factory projects. Now its is investigating global automakers for suspected monopolistic behavior. What prompted the change?... Read More »

 

VW brand sales rise on Europe, China gains

Aug. 12, 2014 11:48 CET
VW increased sales at its core passenger-car brand by 4 percent in July as higher deliveries in western Europe and China offset declines in the United States and Brazil. Global sales of VW brand cars and SUVs rose to 491,600 last month.... Read More »

 

BMW cuts spare-part prices in China amid antitrust investigation

10:47 pm U.S. ET | Aug. 7, 2014
BMW AG joined Mercedes-Benz and Audi in reducing prices of spare parts in China amid an antitrust investigation into the auto industry.... Read More »

 

China suspends work at hundreds of factories after deadly blast

8:50 am U.S. ET | Aug. 7, 2014
China has suspended work at more than 200 factories in an eastern province for safety checks as part of a nationwide review following an explosion at an auto parts plant that killed 75 people, government officials and state media said.... Read More »

 

Toyota queried by China regulator amid antitrust probe, report says

10:14 am U.S. ET | Aug. 7, 2014
China's National Development and Reform Commission, which is conducting an antitrust probe into the auto industry, has asked Toyota about its business practices, two people familiar with the matter told Bloomberg. China's recent antitrust probes rekindled concerns that Beijing may be using an anti-monopoly law to support domestic firms at the expense of foreign companies.... Read More »

 

Wave of antitrust probes revive protectionism concerns in China

11:24 am U.S. ET | Aug. 7, 2014
China's recent probes into Microsoft, Audi and Chrysler have rekindled concerns that Beijing may be using an anti-monopoly law to support domestic firms at the expense of foreign companies. The probes come as China's domestic auto brands have lost sales and share this year to global rival brands such as VW, Chevrolet and Audi.... Read More »

 

Audi sales rise 10% in July, boosted by A3 demand

Aug. 7, 2014 13:17 CET
Audi's vehicle sales rose 10 percent to 144,000 in July, helped by strong demand for the A3 model range.... Read More »

 

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