China fines Daimler's Mercedes-Benz for price-fixing

April 23, 2015 7:52 AM

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China has fined Daimler's Mercedes-Benz 350m yuan ($56.5m; £37.6m) for price-fixing as part of a broader clampdown on anti-monopolistic practices.

A pricing regulator in Jiangsu said the luxury German carmaker pressured local dealers into setting a minimum sales price on some of its car models.

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