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Korea Fines Mercedes-Benz Unit for Rigging Labor Repair Rates
Daimler AG’s Mercedes-Benz marketing arm and eight dealers in South Korea has been fined a combined 1.8 billion won ($1.6 million) for conspiring to manipulate the labor costs to repair its cars.
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Daimler AG’s Mercedes-Benz marketing arm and eight dealers in South Korea has been fined a combined 1.8 billion won ($1.6 million) for conspiring to manipulate the labor costs to repair its cars.
South Korea’s Fair Trade Commission says eight dealers adopted identical labor rates in early 2009 after being asked to do so by importer Mercedes-Benz Korea, the Yonhap News Service reports. The FTC asserts that the unit did so to bolster its own balance sheet.
The FTC fines consist of 1.3 billion won ($1.1 million) against the distributor and a combined 468 million won ($412 million) against the dealerships. The commission says it will crack down on any other cases of price-rigging among car importers, whose sales total about 15% of Korea’s car market.
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