Audi will accept punishment from Chinese authorities for breaching anti-monopoly laws in the world's largest car market.

An investigation by Chinese authorities found that Audi's dealer arm, FAW-Volkswagen Sales Co., had "violated national anti-monopoly laws," the automaker said in an statement e-mailed to Automotive News Europe.

Audi said Tuesday that it and FAW-VW "closely cooperated with the investigation and will accept a penalty."

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Audi Admits No Wrongdoing But Will Accept Punishment From Chinese Over Anti-Monopoly Laws

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