Buick Regal Competes With German Luxury Cars : NPR
China is ramping up efforts to bring companies in line with its anti-monopoly law. In recent years, it has slapped foreign companies including Mead Johnson Nutrition Co and Danone SA with hefty fines. It is currently probing Microsoft Corp and carmakers including Mercedes-Benz. The NDRC said on Wednesday that it would punish Volkswagen AG’s premium brand Audi and Fiat SpA’s Chrysler for their anti-competitive practices. The fines could be up to 10 percent of their annual revenues in China, according to Chinese law.
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Both parties have “completely and amicably” resolved the dispute, the automaker said in a statement. Tesla started deliveries of its Model S luxury electric car in China earlier this year, and CEO Elon Musk sees great opportunity for growth in the country. Major global automakers such as General Motors and Ford are also fighting for market share in China, now the world’s biggest market for automobiles. The electric carmaker’s headache underscores an issue that many other foreign companies have faced, including Apple and Pfizer. China’s trademark laws follow a “first to file” principle that rewards squatters.
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Tesla settles dispute with trademark troll in China | Money – Home
We talked with NPR’s Sonari Glinton while driving a Buick around Los Angeles. GREENE: I’m glad you’re safely back in the studio, Steve. Copyright 2014 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR.
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