Changan Ford fined over ‘vertical monopoly’

Changan Ford Automobile, the joint venture of US carmaker Ford and Changan Auto, was fined 162.8 million yuan (US$23.6 million) for implementing vertical monopoly agreements, according to a statement by China’s State Administration for Market Regulation. Changan Ford has restricted the minimum vehicle resale prices for downstream dealers in Chongqing municipality since 2013, violating China’s […]