A provincial branch of China’s competition regulator has fined Mercedes-Benz Rmb350m ($56m) for allegedly anti-competitive behaviour, bringing to a close one of the last major investigations into pricing practices at multinational car companies in China.
Daimler’s premium car unit had been bracing for a fine from the National Development and Reform Commission ever since Mercedes’ Shanghai office was raided by Chinese government investigators last year.
Authorities had been scrutinising foreign car companies for allegedly fixing the retail prices charged by their downstream dealers and service providers.
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