The Traderszone Network

Published in TZ Latest News 12 August, 2014 by The TZ Newswire Staff

GM says China unit contacted by antitrust regulator

General Motors Co. (GM) said its passenger-vehicle joint venture in China was contacted by the nation’s antitrust regulator amid an industry investigation that has seen at least seven foreign carmakers cut prices. Shanghai GM, a venture between GM and SAIC Motor Corp. (600104), has “actively responded” since 2012 to requests from the National Development and Reform Commission’s price supervision and anti-monopoly bureau, and assisted with its investigation and research of the automotive industry, GM said in an e-mailed response to Bloomberg News yesterday.