China hits Mercedes with $56 million antitrust fine

April 23, 2015 8:58 AM

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Mercedes-Benz has been bracing for an antitrust fine from China’s regulators for the last few months. On Thursday, it got the news–and it’s not good.

The National Development and Reform Commission hit the luxury car unit of Daimler AG DDAIY for $56 million for price-gouging in regard to its E-class and S-class sedans and components for them.

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