China car probes aim for fair market: association

China's ongoing anti-monopoly investigations into foreign auto makers are aimed at building a fair market, the China Association of Automobile Manufacturers (CAAM) said on Friday.

"These moves were taken in accordance with the Anti-monopoly Law and are expected to clean up the auto market and safeguard the legal interests of Chinese consumers," the CAAM said in a statement.

The National Development and Reform Commission confirmed earlier this week that the investigations found monopolistic practices in Chrysler, Audi and 12 Japanese auto makers and will sanction them.

Anti-monopoly investigations into Mercedes-Benz dealers in Jiangsu Province and the company's Shanghai office are still underway.