U.K. Fines Mercedes, Dealers for Price Fixing

Britain's Office of Fair Trading says Daimler AG's Mercedes-Benz commercial vehicle operations and three of its dealers have admitted fixing prices of vans and trucks between 2008 and early 2010.

The anti-trust watchdog says the parties coordinated prices or exchanged commercially sensitive information.

The OFT fined Mercedes 1.5 million (€1.7 million) and the dealers a combined 1.1 million (€1.3 million). A fourth dealership involved in the scheme was not fined because it was first to cooperate with regulators.