Mercedes Benz guilty of price-fixing by Chinese

Daimler’s Mercedes Benz  are being put under the radar by Chinese authorities for manipulating prices for after-sale services, like parts and maintenance, in a bid to stifle their competitors. This is going against anti-trust policies and are causing other businesses to suffer. This is not ethical business, at least from what China’s government makes out of it.

Mercedes Benz showroom in Mosman at Lower North Shore, Sydney.

Mercedes Benz showroom in Mosman at Lower North Shore, Sydney.

The Xinhua report said the cost of replacing all the spare parts in a Mercedes-Benz C-Class could be 12 times more than buying a new vehicle, citing a report from the China Automotive Maintenance and Repair Trade Association.

Reuters

Not only Mercedes Benz, but also other automakers like BMW [BMW.DE] , Audi [NSU.F], and Toyota [TM] have been given a red flag for pushing prices in ways that are unwarranted and can cause other companies to lose profits.

From London: In 2008, many milk companies and dairy product businesses were found to be price-fixing.

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