says assisting Chinese authorities in investigation
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[August 05, 2014]
By Norihiko Shirouzu and Samuel Shen
- Daimler AG's luxury brand Mercedes-Benz said it
is cooperating with China's anti-monopoly authorities
over an investigation into unspecified matters, after
local Chinese media reported the German automaker's
Shanghai office had been raided.
"We confirm that we are assisting the authorities in their
investigation," Mercedes-Benz said in a statement, issued in
response to a query from Reuters on whether the office had received
anti-trust officials from the National Development and Reform
Asked about the nature of the investigation, Beijing-based
Mercedes-Benz spokesman Senol Bayrak said the automaker is only
confirming that anti-trust officials visited the office as part of
an investigation. He declined to elaborate, saying it is "an
A little-known Shanghai publication known as Jie Mian reported nine
officials from the NDRC's anti-trust investigation team sprung a
surprise visit at Mercedes-Benz's Shanghai office on Monday morning.
The publication said the team interviewed many senior executives and
confiscated computers as part of an investigation blitz into
Over the weekend before, Mercedes-Benz said it would lower prices on
more than 10,000 spare parts by an average of 15 percent. The cut
followed a sweeping reduction of prices for repair and maintenance
services Mercedes-Benz announced last month.
The automaker is the latest foreign company to be targeted by
Chinese regulators, who have ramped up anti-monopoly investigations
in industries ranging from pharmaceuticals to electronics.
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Regulators officially named U.S. chipmaker Qualcomm Inc a monopoly
last month and are widely expected to levy a heavy fine. Last week,
agency investigators raided Microsoft Corp's offices in four
Chinese cities as part of an ongoing probe.
China is stepping up efforts to bring companies into compliance with
an anti-monopoly law enacted in 2008, having in recent years
targeted industries as varied as milk powder and jewelery.
Such investigations have led to substantial fines at a number
multinational companies, including Mead Johnson Nutrition Co and
(Additional reporting by Gerry Shih in BEIJING; Editing by
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