Germany's Daimler Fined for Price-Fixing Cars

(Beijing) – The eastern province of Jiangsu has fined German luxury carmaker Daimler AG and affiliated dealerships more than 357 million yuan for violating anti-monopoly rules, said a provincial consumer-protection bureau that monitors prices.

The fine was the highest ever imposed on a foreign carmaker in China since anti-trust investigations began in 2013, said Luo Lei, deputy secretary-general of the China Automobile Dealers Association.