Mercedes-Benz confirms antitrust investigation
Updated: 2014-08-05 14:09
By Li Fangfang (chinadaily.com.cn)
|
||||||||
![]() |
|
A Mercedes Benz hood ornament is pictured at the Jacob Javits Convention Center during the New York International Auto Show in New York April 17, 2014. [Photo / chinadaily.com.cn] |
Mercedes-Benz confirmed on Tuesday that it has been investigated by anti-monopoly officials in China and said it would cooperate with the government.
Beijing Mercedes-Benz Sales Service Co Ltd told China Daily that the company is involved in an ongoing antitrust investigation by the National Development and Reform Commission.
"We're actively assisting the investigation," the company said, without disclosing details.
On Monday, a special investigation team suddenly visited the German luxury brand's East China headquarters in Shanghai, initiating the anti-monopoly probe for a whole day, Chinese media reported on Tuesday morning.
Mercedes-Benz has been the first company in the automotive industry in China that has been confirmed to be undergoing NDRC's antitrust probe, though many rivals have announced price reduction answering the probe appeal.
Insiders said the investigation on Benz may target the company's pricing strategy on both new models and after-service models.
The move has been taken just one day after the company announced its second nationwide price cut for spare parts, following the after-service price reduction recently.
![]() |
![]() |
| Mercedes-Benz cuts spare-part prices on anti-monopoly probe | New Benz 'menu' for transparent service pricing |
Life in quake-hit areas of Southwest China
Getting teachers to teach about China
Drought persists in Central China's Henan province
US artist creates lifelike baby animals
US-Africa summit starts with fora
Group aims to lure back skilled Chinese talent
Calligrapher brings distinctive script to US
Baseball serves as bridge for US ties
Most Viewed
Editor's Picks
|
|
|
|
|
|
Today's Top News
Barrier lakes pose threat in quake-hit Ludian
Envoy dismisses building freeze in S. China Sea
Microsoft gets warning: Don't block watchdog
New York tests possible Ebola victim
Premier Li visits Yunnan quake site
373 dead as strong quake jolts SW China
US ready to help China in quake relief
China needs 'sustainable' urbanization
US Weekly
|
|


















