Business

China's Latest Price Fixing Target

German luxury carmaker Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, state media reported, citing regulators. The report by the official Xinhua news agency made no mention of possible penalties, but China's 2008 anti-monopoly law allows the country's anti-trust regulator to impose fines of up to 10 percent of a company's China revenues for the previous year.

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