General Motor’s China sales drop 5% in second quarter

General Motors

General Motors vehicle sales in China declined 5.3% between April and June from the corresponding period of 2019, performing below the industry average following a recovery from the coronavirus crisis in the country. China’s total figure, which includes passenger and commercial vehicles, increased 4.4% in April and 14.5% in May, the China Association of Automobile […]

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 […]