Mercedes-Benz heavy fines for selling expensive in China

Mercedes-Benz has entered into a long list of Automobile Manufacturers China is punished because of monopolistic behavior in this country. According to Xinhua, the government eastern Jiangsu province to impose an administrative fine of 350 million yuan, or roughly $ 56 million. Mercedes-Benz accused of pressuring agents to start setting high prices for cars and spare parts for Mercedes-Benz exclusively.

Last year, Audi was fined 40.6 million, while Chrysler was fined $ 5.2 million, also for the same reason.

The Chinese authorities have begun to investigate the monopolistic behavior of carmakers and parts manufacturers from last year. In addition, technology firms, business, foreign food was also investigated. This is said to be derived from the complaints of customers and Chinese media. Up to now, Mercedes-Benz is the most severe penalty firm.

The parent company of the Daimler Mercedes Bloomberg replied: "Mercedes-Benz China to accept this decision and will comply with competition law in China in earnest."