This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Chinese auto association asks Toyota to pay subsidy to dealers

( December 29, 2014, 06:26 GMT | Official Statement) -- MLex Summary: The China Automobile Dealers Association on Dec. 26 sent a letter to FAW Toyota Motor Sales, Toyota's joint venture in China, asking the company to pay subsidies worth approximately 2.2 billion yuan ($354 million) to assist Chinese dealers with the problems they face. The association said in the letter that a large number of dealers are suffering severe losses because of Toyota's business policies and requirement that dealers maintain high inventories. Apart from the subsidies, the association offered advice, such as setting sales targets no higher than the actual sales volume of 2014 and removing cross-region penalties.The letter is attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Documents

Related Sections