According to the British Broadcasting Corporation (BBC) reported on April 23, Daimler's Mercedes-Benz car was fined 350 million by China for alleged price monopoly. This is a step in China's extensive anti-monopoly measures. Corrosion Resistance Tungsten Carbide Bushing Bushing Bushing,Hard Alloy Bushing,Carbide Bushing For Ball Bearing,Heat Resistance Carbide Piston Bushing Zhengtong Special Material Factory Hi&New Tech Zone Chengdu , http://www.ztferre.com
A price regulator in Jiangsu Province said that German premium car manufacturers forced Chinese agents to set minimum sales prices for some models, and these Chinese agents were also fined 7.7 million yuan. Mercedes-Benz said, "We accept this decision and will strictly abide by the relevant provisions of the competition law." A Mercedes-Benz spokesman told Reuters, "We have taken all necessary measures to ensure compliance with relevant regulations."
According to a press release issued by the China Supervisory Authority, "Related investigations show that Mercedes-Benz and its agents in Jiangsu have reached and implemented monopoly contracts on E-Class, S-Class models and other spare parts prices, stipulating such categories. The lowest price of the product." Xinhua News Agency reported in 2014 that Mercedes-Benz had manipulated the pricing of its after-sales service for automotive products in China.
The BBC commented that China is the world's largest auto market, and many foreign automakers are subject to strict supervision by the Chinese government because they are suspected of profiting from high prices. In 2014, Chinese regulators imposed a total fine of US$4.6 million on local agents of Volkswagen and Fiat Chrysler on the grounds of price monopoly. Chinese regulators also issued a record price monopoly of 1.24 billion yuan for 12 Japanese auto parts manufacturers, including Sumitomo Electric and Mitsubishi Electric.
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