China is taking aim again at foreign luxury car makers such as Audi (NSUG.DE), BMW (BMWG.DE) and Mercedes-Benz (DAIGn.DE) by allowing unauthorized dealers to sell imported cars - so-called 'parallel imports' - in a move to rein in high-end car prices.
Breaking News
- Subaru Recalls Nearly 120,000 US Vehicles Over Dangerous Airbag Issues
- Malaysia: Murderer of Aussie Businessman Had His Death Sentence Reduced To Only 35-Year Imprisonment
- Disney, Florida Gov. Ron DeSantis' Allies Settle Lawsuit Over Disney World Special District, Ending Feud Over 'Don't Say Gay' Law
Subscribe to VCpost newsletter
Most Popular
- Former CEO Shoots Himself to Commit Suicide After Receiving $25 Million Record-Breaking Fine for Fraud at Steinhoff
- Xi Jinping Warns Dutch PM That 'No Force' Can Stop China's Technological Advancement Amid Export Restrictions
- Social Security Benefits to Increase for Some Seniors After Addressing Overpayment Issues
- Disney Investor Nelson Peltz Criticizes the Company’s 'Woke' Strategy, Questioning 'Black Panther' and 'The Marvels' Films
- Citigroup to Complete Sweeping Overhaul This Week After Laying Off 5,000 Employees
- Major AI Companies Unite to Create the World's First Artificial Superintelligence Alliance Worth $7.6 Billion
- North Korea Refuses Peace Talk With Japan Unless They Confront Their 'Brutal' History; Business Relations at Risk
- Chinese Snack Brand Heir Discovers Hidden Wealth, Now A Millionaire At 24 Years Old