China fines Ford joint venture in latest hit on US firm
5 June 2019; AFP: China on Wednesday imposed a $23.6 million fine on US auto giant Ford's joint venture with Changan Automobile for "price fixing" in the latest incident of Beijing targeting an American company amid a festering trade war.
The fine, amounting to four percent of Changan Ford Automobile's sales in the southwestern city of Chongqing, was levied over violations of China's anti-monopoly laws.