Audi dealers in China threaten to suspend sales

Beijing

AUDI'S dealers in China are threatening to suspend sales of the luxury German brand if the company does not drop a plan to produce and sell cars with SAIC Motor Corp, which could add more distributors and potentially depress profits.

A group of Audi dealers met with executives from the carmaker in Foshan, China, on Monday to voice their concerns about the carmaker's plans with Shanghai-based SAIC, according to China Association of Automobile Dealers official Song Tao. He denied reports that the dealers were seeking one billion yuan (S$207 million) in compensation, without giving more detail.