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 | Henrikh Mkhitaryan wins Serie A title with Inter Inter Milan midfielder Henrikh Mkhitaryan admits that the team have long been imagining clinching Serie A against AC Milan. Armenia not going to war over Karabakh, says Pashinyan Armenia is not preparing to fight a war for Nagorno Karabakh, Prime Minister Nikol Pashinyan said in an interview. Caring for nature, we have started with ourselves - Team Telecom Armenia Team Telecom Armenia summarized the work undertaken within the company in the direction of environmental protection. Azerbaijani President travels to Moscow Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. |