China fines Audi, Chrysler over anti-monopoly law violation chargesSeptember 11, 2014 - 14:01 AMT PanARMENIAN.Net - Chinese authorities have fined automaker Audi $40.5 million and Chrysler $5.2 million on charges of violating anti-monopoly law in a sweeping probe of the auto industry. According to the Associated Press, the government announced Thursday, Sept 11, that Audi's China unit was found to have violated the law by enforcing minimum prices that dealers were required to charge for sales and service and Chrysler enforced minimum sales prices. Three Chrysler dealerships were fined for agreeing on minimum prices for repairs. Regulators have launched a series of investigations of global automakers, technology suppliers and other companies under China's 6-year-old anti-monopoly law. Business groups say foreign companies appear to be unfairly targeted but authorities have denied that. Authorities earlier announced fines for a group of Japanese auto components suppliers. Related links: Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Biden honors resilience of Armenian people on April 24 U.S. President Joe Biden has issued a statement on the 109th anniversary of the Armenian Genocide. Ex-Karabakh leader moved to solitary confinement cell in Baku, his son says David Vardanyan is the son of former Karabakh leader Ruben Vardanyan who who is currently imprisoned in Azerbaijan. Macron says France commemorates 109th anniv. of Armenian genocide Today France commemorates the 109th anniversary of the Armenian genocide of 1915, Macron says. Freedom House concerned by mounting reports of police violence in Armenia Freedom House urged Armenian authorities to investigate this pattern of excessive force and inhumane treatment. |