Audi's fine set to be announced next week

FAW-Volkswagen's Audi division, which faces a fine for operating a monopoly in China, said the amount of the fine has been finalized by the nation's antitrust regulator.

Audi may face a fine of 1.8 billion yuan ($292 million) for operating a monopoly, The Economic Observer reported on its website on Tuesday, quoting an unnamed Audi dealer.

But a spokesperson of Audi told China Daily on Thursday that "the amount of the fine won't be that high."

The price and antitrust department of the NDRC told China Daily on Thursday that the result is expected to be released early next week, either Tuesday or Wednesday.

General Motors, BMW, Volkswagen's Audi, Daimler's Mercedes-Benz, Tata Motors' Jaguar Land Rover, Fiat's Chrysler, and Toyota and Honda have all been involved in antitrust investigations in China.