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Mercedes-Benz found guilty of price manipulation in China

  • China's anti-trust regulator has found Mercedes-Benz (OTCPK:DDAIY) guilty of manipulating prices for after-sales services, says Reuters quoting the Xinhua news agency.
  • The auto market and other industries have been under investigation in China, as the country increases its efforts to bring companies into compliance with its 2008 anti-monopoly law.
  • The legislation allows China's National Development and Reform Commission, to impose fines of up to 10% of a company's Chinese revenues for the previous year.
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