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China Fines Mercedes for Price Gouging
China has fined Daimler AG a record-high 350 million yuan (€T53 million) for overcharging customers for its vehicles, repair parts and maintenance, the Financial Times reports.
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China has fined Daimler AG a record-high 350 million yuan (€T53 million) for overcharging customers for its vehicles, repair parts and maintenance, the Financial Times reports.
The fine follows similar but lesser penalties levied last autumn by the National Development and Reform Commission against Audi and Chrysler. BMW, Jaguar Land Rover and Lexus agreed at the time to reduce their prices.
The NDRC also fined a dozen Japanese parts suppliers last year for a combined 1.2 billion yuan for price fixing.
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