The Traderszone Network

Published in TZ Latest News 17 August, 2014 by The TZ Newswire Staff

China finds Mercedes-Benz guilty of price manipulation: Xinhua

German car maker Daimler AG’s (DAIGn.DE) luxury brand division Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing authorities in Jiangsu province. An array of industries, from milk powder makers to tech firms, have been coming under the spotlight in recent years as China intensifies its efforts to bring companies into compliance with a 2008 anti-monopoly law.

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