GM China Joint Venture Fined $29 Million for Anti-Competitive Behavior

A Chevrolet Bolt EV concept car of Shanghai GM, a joint venture between SAIC Motor and General Motors, is on display during an auto show in Shanghai on April 22, 2015. Photo: IC

(Beijing) — A Shanghai government agency has fined the car-making joint venture between U.S. auto giant General Motors Co. and local partner SAIC Motor Corp. Ltd. 201 million yuan ($28.9 million) for anti-competitive behavior.

The Shanghai Price Bureau determined that Shanghai GM implemented a price floor for its dealers for certain models from its Chevrolet, Cadillac and Buick brands. The decision, announced late on Friday, said that Shanghai GM gave its local dealers pricing guidance for different models and recommended what kinds of discounts to give.