CHINA: Nissan-Dongfeng JV facing antitrust penalties - report
Nissan could be joining a host of other foreign carmakers, dealers and parts suppliers in China to be hit by antitrust penalties following a probe by the government into new car and aftermarket parts prices.
The China Daily reported that Nissan's joint venture with Dongfeng is facing an antitrust investigation and penalties are likely to be announced "soon". The report cited "sources close to the issue".
The report said the National Development and Reform Commission's (NDRC) antitrust probe into the joint venture is in its final stages.
The report added that the NDRC will draw up "guidelines to promote fair competition in the vehicle industry, based on the Anti-Monopoly Law".