Shares of U.S. automakers General Motors Co and Ford Motor Co skidded on Wednesday after a Chinese official warned the government could slap a penalty on an unnamed U.S. automaker for monopolistic behavior.The warning from a senior Chinese state planning official, conveyed through the official China Daily newspaper on Wednesday, came days after U.S. President-elect Donald Trump questioned the longstanding U.S. policy of acknowledging that Taiwan is part of “one China.”
Source: China may penalize U.S. automaker over price-fixing; GM, Ford shares off | Reuters
