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.