China’s government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the industry.
The luxury unit of Germany’s Daimler AG abused its control over supplies of spare parts to engage in “vertical price-fixing,” according to the official Xinhua News Agency. It said investigators from the price bureau of the eastern province of Jiangsu found prices were so high that purchasing the parts used to make one Mercedes C-class car would cost the equivalent of buying 12 vehicles.
An official said earlier that Volkswagen AG’s Audi unit and Fiat Chrysler Automobiles NV’s Chrysler would face unspecified punishment for violating the anti-monopoly law.
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Joe McDonald, Associated Press via CHINA US Focus http://ift.tt/1o5DYEC
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