Chinese regulators have found Mercedes-Benz guilty of manipulating prices for after-sale services in China, Reuters reported, citing Xinhua. The National Development and Reform Commission launched an investigation into the auto industry following state media complaints that foreign carmakers such as Volkswagen (VOW.FRA, VOW.ETR)) Audi (NSU.ETR, NSU.FRA), BMW (BMW.ETR, BMW.FRA) and Mercedes-Benz were overcharging Chinese customers for vehicles and spare parts. The Xinhua report made no mention of possible penalties for Mercedes, though the commission can impose fines of up to 10% of a company’s China revenues for the previous year.
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