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12-25-2016, 11:44 PM
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#1 | |
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AF Newbie
Join Date: Sep 2016
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China slaps GM with $29 million fine amid growing tensions
China slapped a $29 million fine on General Motors for antitrust violations, a sign of the growing tensions between the US and the Asian nation.
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12-26-2016, 12:00 AM
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#2 | |
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Registered Offender
 
Join Date: Mar 2006
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Re: China slaps GM with $29 million fine amid growing tensions
The same thing happened with China fining Daimler, Toyota, Audi, and Nissan. Now GM's joint venture in China has been slapped. As a result it will possibly end all joint ventures with major manufacturers. This could be a step back into the dark ages for China, as retaliatory trade policies are seldom taken lightly.
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