BERLIN: Germany’s prime carmaker Mercedes-Benz received a price-fixing fine worth 350 million yuan ($56.49 million), the highest antitrust penalty imposed on automakers by the government to date, according to a local regulator.
According to Jiangsu Province’s price bureau statement posted online, Mercedes-Benz has inked agreements with various local dealers to put minimum prices for the firm’s S and E Class sedans and some auto parts.
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