China fines Ford joint venture in latest hit on US firm
Changan Ford is a 50-50 joint venture between US auto giant Ford and state-owned Changan Automobile Group. It makes Ford passenger vehicles for the domestic market. – EPA pic, June 5, 2019.
CHINA yesterday imposed a US$23.6 million fine on US auto giant Ford’s joint venture with Changan Automobile for “price fixing” in the latest incident of Beijing targeting an American company amid a festering trade war. The fine, amounting to 4% of Changan Ford Automobile’s sales in the southwestern city of Chongqing, was levied over violations of China’s anti-monopoly laws.
Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China fines Ford joint venture, citing anti-monopoly lawChina imposes a US$23.6 million fine on US automaker Ford's joint venture for 'price fixing' in violation of anti-monopoly laws.
Read more »
US placed us on currency watchlist to deter trade with China, says economistRamon Navaratnam labels US’ inclusion of Malaysia in the watchlist as 'cowboy economics' and 'isolationist'.
Read more »
US stock futures fall as China blames US on trade talks flopUS stock-index futures slide after China’s government blamed the US for the latest collapse in trade talks.
Read more »
Alibaba Cloud unveils China Gateway programme to help SMEs enter China market | Malay MailSINGAPORE, May 30 — Alibaba Cloud today launched its China Gateway Programme to assist small medium enterprises (SMEs) enter the Chinese market. Alibaba Cloud Intelligence Malaysia general manager Kenny Tan said the programme gives SMEs the necessary push, as...
Read more »
Reach out to US, China firms to supply goods, Penang tech firms toldinvestPenang director Lee Kah Choon says Penang's tech sector is in a position to help supply essential items for US and China firms caught in trade dispute.
Read more »
Penang seeking to capitalise on US-China trade warCM's special adviser Lee Kah Choon lists state gov't initiatives to help manufacturers.
Read more »
Ringgit opens lower on worsening US-China trade war | Malay MailKUALA LUMPUR, May 30 — The ringgit continued its slide to opened lower against the US dollar today on the back of the greenback’s further strength amid worries over the worsening US-China trade war, dealers said. At 9am, the local...
Read more »
US general: Xi broke promise on South China SeaUS General Joseph Dunford says that Chinese President Xi Jingping reneged on promises not to militarise the South China Sea and called for 'collective action' to hold Beijing responsible.
Read more »
UOB bets on Southeast Asia as `haven' from US-China spatAsean boasts a combined economy that’s bigger than India’s and is forecast to be the world’s fourth largest by 2030.
Read more »
China launches anti-dumping probe into polyphenylene sulfide from Japan, US, S Korea, Malaysia
Read more »
China accuses US of ‘naked economic terrorism’ | The Malaysian InsightBeijing threatens to end exports of rare earth metals to the US.
Read more »