Subscribe free to our newsletters via your




CAR TECH
Mercedes-Benz accused of 'price-fixing': China media
by Staff Writers
Shanghai (AFP) Aug 18, 2014


China has accused Mercedes-Benz, a unit of German car giant Daimler, of price-fixing, state media reported, amid an anti-monopoly investigation into foreign carmakers.

Pricing authorities in the eastern province of Jiangsu have collected evidence that Mercedes-Benz controlled prices of its spare parts and maintenance services, the official Xinhua news agency reported Saturday.

The total cost of all spare parts for a Mercedes-Benz C-class could be 12 times more than a finished model, the report said, citing data from an industry group.

"The Benz case involves typical vertical price-fixing," Zhou Gao, head of anti-monopoly department at the Jiangsu price bureau, told Xinhua.

The bureau was designated by China's National Development and Reform Commission (NDRC) -- one of several Chinese government bodies that investigates violations of the country's "anti-monopoly" law -- to probe Mercedes-Benz for alleged monopoly actions, said Zhou.

A Daimler spokesperson confirmed Monday that the company was still "assisting" Chinese authorities in an investigation but declined to comment on the Xinhua report.

"We are unable to comment further on what is still an on-going matter," the company said in a statement provided to AFP.

Mercedes-Benz said in early August that it will cut spare parts prices from September in response to the anti-monopoly investigation by NDRC.

The case comes against the backdrop of a sweeping probe into foreign firms in China, which has spread from pharmaceuticals and baby formula to the auto sector, the world's largest but dominated by foreign brands.

More than 1,000 companies in the country's auto sector, both domestic and foreign, are currently under anti-monopoly probes by the government, the China Daily newspaper has reported.

The NDRC has yet to announce its findings and penalties for the companies involved.

.


Related Links
Car Technology at SpaceMart.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








CAR TECH
Energy, Army departments working on EV efficiency
Washington (UPI) Aug 15, 2013
The U.S. Energy Department said it was investing more than $55 million on more than two dozen projects aimed at improving electric vehicles. "Investments in the next generation of vehicle technologies will both strengthen our economy and lead to a more fuel efficient, clean energy future," Energy Secretary Ernest Moniz said in a statement. The initiative is part of a project laun ... read more


CAR TECH
Fukushima's legacy

Displaced Iraq Yazidis left hungry and desperate

Turkey calls for help with Syria refugees as tensions rise

Australia makes its first airdrop to stranded Yazidis in Iraq

CAR TECH
Payload Integration Begins For Next Arianespace Soyuz Galileo Launch

Two new satellites for Europe's Galileo space network

Galileo's initial two Full Operational Capability satellites are fueled for launch

Boeing GPS IIF satellite launched by Air Force

CAR TECH
Flores bones evidence of Down syndrome, not new species

6,500-year-old human skeleton found in museum storage

Engineering a protein to prevent brain damage from toxic agents

OkCupid admits toying with users to find love formula

CAR TECH
Microscopic lense captures first ever video of a jellyfish sting

Ultra-rare crocs survive in Philippine 'Noah's Ark'

Minke whales lunge 100 times/hour to feed under sea ice

Elephant killings in Africa outpace births: study

CAR TECH
Suffering and song in Sierra Leone's Ebola 'hot zone'

Ebola epidemic "vastly" underestimated: WHO

Ebola highlights growing global virus threat: experts

Older people should get high dose flu shot: study

CAR TECH
The East is wed: China seeks brides for richer, for poorer

China fishes for growth with world's largest aquarium

HK pro-government activists rally against Occupy protest

China rights lawyer malnourished after prison: family

CAR TECH
Hijacked Singaporean ship released near Nigeria: Seoul

Chinese fish farmer freed after Malaysia kidnapping

US begins 'unprecedented' auction of Silk Road bitcoins

Malaysian navy foils pirate attack in South China Sea

CAR TECH
Japan's economy shrinks after sales tax rise

The economy of bitcoins

Asia's most expensive home per square foot on sale in Hong Kong

Global art market in rude health




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.