China on Thursday fined Daimler's
Mercedes-Benz 350m yuan ($56.5m) 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.
Some of its local dealers were also fined 7.7m yuan,
regulators said.
A Mercedes-Benz spokesman said it "accepts the decision and
takes its responsibilities under competition law very
seriously".
"We have taken all appropriate steps to ensure to fully
comply with the law," a spokesperson told the Reuters news
agency.
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