Audi will accept penalty for monopoly conduct in China

It was only last week when we talked about Audi’s problems for monopoly conduct in China and now company officials have announced they will “accept penalty.” To be more precise, Audi is being investigated by the Chinese authorities who have found out the company’s dealer arm FAW-Volkswagen Sales Co. has breached anti-monopoly laws.

Audi and FAW-VW have “closely cooperated with the investigation and will accept a penalty.” This announcement comes shortly after the NDRC – National Development and Reform Commission in China said they there’s an ongoing investigation in the automotive industry where foreign companies together with their joint ventures are dominating the sector.

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The investigation started a couple of years ago and Audi has already replied by cutting prices of spare parts and cars. Besides the Ingolstadt-based automaker, other car companies like BMW, Mercedes-Benz, Toyota, Chrysler, Jaguar Land Rover and Honda have done the same thing amid accusations of monopoly conduct.

In regards to these high prices of spare parts in China, local media has done some calculations and they say replacing all components of a Mercedes-Benz C-Class can cost as much as 12 times than the price of a brand new vehicle. These findings were published in April by the Insurance Association of China and China Auto Maintenance & Repair Association.

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via europe.autonews.com

Adrian Padeanu

Long-time fan of the fabled Four Rings.