Chinese Government Probe Could Spell End Of High Profit Margins On Auto Sales

China Car Dealer - picture courtesy

Two years ago, Nissan/Renault’s CEO Carlos Ghosn told the author of this story:

“For carmakers, China is one of the most profitable markets in the world. It used to be the United States. Now it is China.”

Soon, making money in China could be harder as the National Development and Reform Commission (NDRC) is looking into allegations of price fixing and anti-competitive behavior. [Continue Reading]