China slaps Mercedes-Benz with $57 million fine for price-fixing

April 23, 2015 4:00 PM

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China slaps Mercedes-Benz with $57 million fine for price-fixing

Mercedes-Benz has accepted the decision and said it “takes its responsibilities under competition law very seriously.”

The penalty comes as Chinese regulators are expanding a nationwide crackdown on foreign corporations for price manipulation, reported the BBC.

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