real-time news and commentary for investors
Tuesday, Aug 13
Foreign automakers draw scrutiny in China over prices
- The China Automobile Dealers Association is in the process of gathering information on foreign cars sold in China as it probes the industry over pricing and anti-competitive practices.
- A discrepancy in prices between imported cars in China and their overseas prices is cause for concern, says a CADA rep.
- Regulatory pressure is an ongoing risk for automobile companies selling in China such as Ford (F), General Motors (GM), and Volkswagen (VLKAY.PK) - although their partnerships with local joint ventures has steadied the boat in the past when the regulatory waves got large.