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China fines Toyota $12.5 million over Lexus price-fixing

AMB News Reporter

News Reporter
Filed under: Earnings/Financials,Government/Legal,Lexus,Toyota

China's market regulator on Friday has fined Japanese carmaker Toyota Motor 87.6 million yuan ($12.5 million) for price-fixing on its premium Lexus cars in eastern Jiangsu province, according to a document on its website. The decision comes as China steps up regulation over auto sales in the world's biggest vehicle market, where more than 28 million cars were sold last year. The anti-monopoly bureau of State Administration for Market Regulation said that between 2015 and 2018, the JapContinue reading China fines Toyota $12.5 million over Lexus price-fixing

China fines Toyota $12.5 million over Lexus price-fixing originally appeared on Autoblog on Fri, 27 Dec 2019 10:17:00 EST. Please see our terms for use of feeds.



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