Toyota has revealed that Chinese regulators were looking into its Lexus brand over alleged monopoly actions.
A company spokesman said the company was "co-operating fully with the queries from the authorities on Lexus".
Although regulators have not yet revealed the exact reason for their concerns, there have been reports in China of customers complaining about the high prices of imported vehicles and spare parts, the BBC reports.
The investigations are being led by China's National Development and Reform Commission (NDRC), which earlier this week raided a Mercedes-Benz office in Shanghai, with Xinhua news agency reporting that "inspectors are still collecting evidence and investigating whether Mercedes-Benz has used monopolistic tactics". Audi and Chrysler are also under scrutiny.
In July, China's State Administration for Industry and Commerce said it was looking into alleged monopoly actions by Microsoft. The company has not yet been accused of any specific wrongdoing and said it was working with officials.
China's anti-trust regulator is also investigating Qualcomm, one of the world's biggest mobile chipmakers, over an alleged monopoly power in setting its licensing fees.
These multiples investigations are leading many to allege that China is using anti-trust probes to protect domestic firms.
"It has become increasingly clear that the Chinese government has seized on using the [anti-monopoly] law to promote Chinese producer welfare, and to advance industrial policies that nurture domestic enterprises," US Chamber of Commerce said earlier this year.
Toyota Motor Corp shares were stable at $116.69 today (August 8th) at 09:37 ET in New York.
Find up to date information on the FTSE 100 and spread betting strategies at City Index.
StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.
No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.