The authorities of China and Jiangsu Province in particular, fined the local Mercedes-Benz at 350 million Yuan, or if easier, almost at $ 56.5 million. Mercedes caught in illegal pricing and antitrust — this writes a series of Western media.
More specifically, regulators have recognised the company guilty in August, but the amount of the fine was appointed just now. Actually, the claim was that a group of Chinese dealerships on demand company reduced prices on some models (reported S - and E-Class), as well as for parts.
Such agreement violated the natural competition in the market and got under the Antimonopoly law. In this part of the penalty was issued by the dealers of approximately $1.25 million
This, interestingly, is not the first such case in China. In the past year again for price fixing were punished Chinese unit Volkswagen and Chrysler. Got and Audi — due to underpriced. Such cases!