Mercedes violates anti-monopoly law in China
China’s government said Monday it has concluded Mercedes-Benz violated anti-monopoly law and charged excessive prices for parts, adding to a growing number of global automakers snared in an investigation of the industry.
Regulators found the luxury unit of Germany’s Daimler AG engaged in “vertical price-fixing” by abusing its control over supplies of replacement parts, according to the official Xinhua News Agency.
Chinese regulators have launched investigations of foreign auto, technology, pharmaceutical and dairy companies over the past two years using the 2008 anti-monopoly law in an apparent effort to force down consumer prices.
Industry analysts have suggested regulators were motivated by complaints global automakers use their control over components suppliers to charge inflated prices.
Other companies under investigation include Qualcomm Inc., a San Diego, California-based maker of chips used in mobile phones, and software giant Microsoft Corp.
The European Union Chamber of Commerce in China, in a statement last week, expressed concern foreign companies might be “disproportionately targeted” by regulators.
Source: AP
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