German car manufacturer Mercedes-Benz is the most recent global automotive brand found to be manipulating the price of spare parts in China, the official Xinhua news agency reported.
The National Development and Reform Commission concluded that the luxury unit of Germany’s Daimler violated provisions of China’s anti-monopoly law. The severity of the sanctions have yet to be announced. Mercedez-Benz join Audi, Chrysler, BMW and a number of Japanese manufacturers in a catalogue of similar investigations. In addition, several pharmaceutical, technology and food manufacturers…
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