GM said it fully respected local laws and would provide full support to its joint venture in China following announcement of the penalty. Photo: Reuters GM said it fully respected local laws and would provide full support to its joint venture in China following announcement of the penalty. Photo: Reuters
GM said it fully respected local laws and would provide full support to its joint venture in China following announcement of the penalty. Photo: Reuters

China fines GM venture US$29m for monopolistic pricing

Shanghai authorities say joint venture set minimum prices on certain models

GM said it fully respected local laws and would provide full support to its joint venture in China following announcement of the penalty. Photo: Reuters GM said it fully respected local laws and would provide full support to its joint venture in China following announcement of the penalty. Photo: Reuters
GM said it fully respected local laws and would provide full support to its joint venture in China following announcement of the penalty. Photo: Reuters
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