Mercedes Slapped With $56M Fine in China for “Price Fixing


Mercedes-Maybach-S600-Pullman
The Chinese province of Jiangsu has levied a 350 million yuan ($56 million USD) fine against Mercedes-Benz in continued efforts to break perceived monopolies in car and part sales. It’s the largest fine given to an automaker to date.

The latest fine aimed at a foreign automaker comes after similar actions against a “Chinese venture of Volkswagen and a sales unit of Fiat Chrysler Automobiles’ Chrysler division” amounted to a combined $46 million, says the report from Automotive News. The specifics of the Mercedes fine point at the automaker forcing dealers to set minimum prices for cars and spare parts. The pricing regulator in Jiangsu province also fined Mercedes dealers to the tune of 7.7 million yuan ($1.25 million USD).
Mercedes-Benz China said they accept the decision taken by the provincial pricing regulator and has “taken all appropriate steps” to comply with the law in the future.

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