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Business

China puts foreign automakers under antitrust microscope

An Audi on display at an auto show in Guangzhou last November.

BEIJING -- Chinese antitrust regulators are probing American and European carmakers for possibly overcharging on vehicles and parts, it was learned Tuesday.

     Volkswagen's Audi, Fiat Chrysler Automobiles' Chrysler, and Daimler's Mercedes-Benz are under investigation by the National Development and Reform Commission. Their offices in Shanghai were reportedly raided. While the agency has yet to make a formal announcement, the three companies have acknowledged the probes.

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