Report Says China to Fine Audi $40 Million in Anti-Monopoly Case

Newswire

SHANGHAI, Aug 14 (Reuters) - China will fine German premium auto brand Audi around 250 million yuan ($40.63 million) for violating anti-monopoly laws, the 21st Century Business Herald, an influential business daily, reported on Thursday. Citing an unidentified source which the paper described as authoritative, the fine to be imposed on Audi - a unit of Germany's Volkswagen AG - is calculated based on a percentage of its 2013 car sales in the central province of Hubei. Under the ...

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