China fines General Motors $29 million for violating anti-monopoly rules

General Motors

A week after media reports that China was investigating an automaker’s alleged “monopolistic” behavior, China imposed a fine of $29 million on Shanghai General Motors for breaching anti-monopoly guidelines. The Shanghai Price Bureau stated Friday that Shanghai GM, the United States car manufacturer’s venture with state-owned Shanghai Automotive Industries, incorrectly suppressed competition by imposing minimum […]