(MENAFN) Chinese government concluded that Mercedes-Benz has violated anti-monopoly law, charging excessive prices for parts, Arab News reported.
The luxury unit of Germany's Daimler AG abused its control over supplies of spare parts to engage in "vertical price-fixing," China's Xinhua News Agency said.
Investigations found that prices were so high that purchasing the parts used to make one Mercedes C-class car would cost the equivalent of buying 12 vehicles.
"Mercedes-Benz is a typical case of vertical price fixing, that is, the use of its dominant position in after-market parts to maintain price controls," chief of the Jiangsu's anti-monopoly unit said.
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