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Sino-Japanese JVs also affected by the recent anti-monopoly investigations

 

Gasgoo.com While Audi and Cadillac have been the most notable targets of the National Development and Reform Commission's recent crackdown on monopolies in the automotive industry, they are far from the only companies that have been affected. In response to investigations by the NDRC and Guangdong Provincial Commission of Development and Reform, several of Guangzhou's Japanese-affiliated joint ventures have announced that they will be lowering the prices of some of their auto part components, Economic Observer News reported today.

Dongfeng Nissan stated that problems with its automobile products and customer service business have both been the focus of intense attention from the NDRC and its subsidiary body in Guangdong since this April. The joint venture stated that it will take the official bodies' recommendations to heart, and will conduct intense research in reforming its processes to adhere to legal regulations.

Guangqi Honda is also one of the companies being investigated by the government. Toyota's Lexus automobile imports are also scheduled for future inspection by the NDRC, as well.

Commenting on the issue, GAC Executive Vice President Yu Jun stated in an interview that his company was already taking input from the NDRC and its subsidiary provincial body and discussing with the government and other expects on how to make the appropriate reforms to its business.

For its part, Guangqi Honda was the first joint venture to respond to the investigation. Guangqi Honda has already announced its plan to revise the prices for about 70 percent of its auto parts beginning August 20. Approximately 30,000 types of auto part components will be affected, with individual prices to be decreased between three percent and 30 percent.

Last week, NDRC Spokesman Li Pumin announced that Audi and Cadillac had already been penalized in accordance with the findings of the NDRC's anti-monopoly investigation.

 

 

 

 
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