Linklaters Insights: Investigations in the auto-parts sector
29 October 2014
As part of the global crackdown on auto parts makers, which started in 2010, when regulators in the United States, Europe and Japan, commenced their investigations into wire harnesses, China – the world's biggest car market – has recently started to clean its local market from two ends. During summer, the powerful National Development and Reform Commission (NDRC) and local bureaus imposed record fines on automotive companies for allegedly over-priced spare parts and only a few days ago, ten Chinese ministries have published a new framework to remove global car makers' tight control over the supply and price of spare parts and the limited network of vendors operating in the Chinese market.
The full article is available on the Linklaters website.