SHANGHAI--A pricing regulator in China said Thursday it has
levied a 350 million yuan ($56 million) fine on Daimler AG's
(DAI.XE) Mercedes-Benz for its monopoly practices.
Mercedes had conspired with its dealers on car and spare-part
prices, which hurt consumers' interests, the regulator in the
eastern province of Jiangsu said in a statement.
Some dealers for Mercedes in Jiangsu province received a
combined fine of about 7.9 million yuan, the statement said.
The announcement came amid a broad investigation into foreign
auto makers in China by antitrust officials, mainly for the way
they sell spare parts and after-sales services.
In September, China levied a total of $45.8 million in fines
against Audi AG and Chrysler for allegedly overcharging Chinese
consumers for cars and after-sales services.
--Rose Yu
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