Automakers worry as China clamps down on capacity, looks for consolidation

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Some automakers in China are cautioned by proposed government restrictions on spending in new manufacturing capacity and the measures in which Beijing is attempting to trigger consolidation of the country‚Äôs flabby auto industry from mergers and strategic cooperation. China’s National Development and Reform Commission, looking to address mounting excess auto manufacturing capacity, looks to restrict […]

China to penalise an American automaker for monopolistic behavior

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China is going to slap a penalty on an unnamed U.S. car manufacturer for monopolistic behavior, the official China Daily paper reported on Wednesday, referring to a senior state planning official. Investigators discovered the United States automaker had advised suppliers to fix prices from 2014, Zhang Handong, director of the National Development and Reform Commission’s […]