China finds Mercedes-Benz guilty of price manipulation


A Mercedez-Benz sign is seen at a dealership in downtown Shanghai . - Reuters filepic

SHANGHAI: German car maker Daimler AG's luxury brand division Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, the official Xinhua news agency reported, citing authorities in Jiangsu province.

An array of industries, from milk powder makers to tech firms, have been coming under the spotlight in recent years as China intensifies its efforts to bring companies into compliance with a 2008 anti-monopoly law.

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