Merdedes-Benz reportedly investigated on pricing
German automaker MercedesShanghai office has been searched by anti-monopoly officials, China Finance Information reported.
Investigators, sent by China’s antitrust regulator, the National Development and Reform Commission, visited the automaker’s Shanghai office on Monday and inspected several office computers, the report said. It also said that almost all the staff was questioned and several top management leaders were questioned.
The unexpected probe reportedly targets MercedesBenz’s car price policies and price floor imposed on dealerships in China, said the report quoting people familiar with the matter.
Under pressure from Chinese antitrust regulator’s monopoly concerns, Mercedes-Benz was the first to officially reduce the cost of after-sales for its major models by launching its Start Maintenance Menu earlier on July 1. (Photo 2)
A 5-year-old girl is dwarfed by a huge sponge cucumber in her family’s field in Jiangi province. The owner said it was already 1.34 meters long and she plans to apply for a Guinness World Record.