皇冠体育app

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皇冠体育app watchdog investigating executives at VW JV

(Agencies) Updated: 2014-08-27 10:27

皇冠体育app watchdog investigating executives at VW JV

German Chancellor Angela Merkel (L) sits in an All New Jetta as she visits the FAW- production plant with FAW Group President Xu Jianyi (C) and Volkswagen CEO Martin Winterkorn, in Chengdu, Sichuan province July 6, 2014. [Photo/Agencies]

皇冠体育app's corruption watchdog said on Tuesday it is investigating one former and one current executive at Volkswagen AG's Chinese venture, FAW-Volkswagen Automotive Co Ltd, for "seriously violating the law."

The announcement, posted on website of the Central Commission for Discipline Inspection of the Communist Party of 皇冠体育app, identified the two as former deputy general manager Li Wu and Zhou Chun, deputy general manager of the joint venture's sales division.

Officials at Volkswagen in 皇冠体育app, FAW and FAW-Volkswagen could not be reached for comment. Efforts to reach Li and Zhou for comment were unsuccessful.

The statement said the investigation comes after the watchdog recently launched a special inspection at FAW Group Corp.

The joint venture with state-owned FAW is one of the two car-making ventures the German automaker has in 皇冠体育app.

Volkswagen's luxury brand Audi and other foreign bran like AG's -Benz and SpA's have been under investigation in 皇冠体育app over their pricing practices as steps up enforcement of its anti-monopoly laws.

Earlier this month the National Development and Reform Commission (NDRC), 皇冠体育app's price regulator, said it would punish Audi and Chrysler for monopoly practices.

It was not immediately clear if the two probes were related.

皇冠体育app watchdog investigating executives at VW JV 皇冠体育app watchdog investigating executives at VW JV
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