Arab Today, arab today german auto firm daimler confirms china investigation
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

German auto firm Daimler confirms China investigation

Arab Today, arab today

Arab Today, arab today German auto firm Daimler confirms China investigation

A man looks at a Mercedes Benz car
Shanghai - AFP

China's probes into foreign firms spread to the auto sector Tuesday as German car giant Daimler said it was assisting authorities, after reports a Shanghai office of its Mercedes-Benz unit was raided.
"We confirm that we are assisting the authorities in their investigation," Daimler Greater China said in an email to AFP.
It is the first confirmation of an official inquiry into a foreign automaker in China, the world's largest car market, after authorities targeted overseas firms in several different sectors over the past year.
A team of nine anti-monopoly investigators from China's National Development and Reform Commission (NDRC) paid a surprise visit to a Mercedes-Benz premises in Shanghai on Monday, grilled employees and "forcibly" checked computers, reported Jiemian, a new media platform of state-run Shanghai United Media Group.
It quoted an unnamed source saying that the investigation focused on "Benz's prices of finished automobiles and its policy of maintaining minimum prices with distributors".
The NDRC is one of several Chinese government bodies which investigates violations of the country's "anti-monopoly" law. It is responsible for doing so from a pricing perspective.
The Mercedes-Benz office, in a western suburb of Shanghai, includes a dealership with a showroom and a service centre.
Several showroom employees told AFP they were unaware of any investigation.
But a security guard said the premises were visited by an investigation team two days in a row.
"They were here all day yesterday and three or four hours this morning," he said.
A sign outside says it is an authorised dealer of Mercedes-Benz China and the Beijing Benz Automotive Co. -- a joint venture between Daimler and Chinese partner BAIC Motor, which has been producing Mercedes-Benz passenger cars since 2006.
Since last year, China has launched sweeping probes into alleged wrongdoings by foreign companies in several sectors, including the pharmaceutical and baby milk powder industries.
Last week, a Chinese government agency said it was investigating US software giant Microsoft for allegedly operating a monopoly in its market.
The State Administration for Industry and Commerce (SAIC), which also enforces the anti-monopoly law, said that probe centres on Microsoft's Windows operating system -- which is used on the vast majority of computers in China -- and the Office suite of programs.
State media have said China is planning to announce US chip maker Qualcomm has monopoly status in the mobile phone chip market.
And last year, China fined six baby formula producers -- all but one of them foreign -- a total of $108 million for price-fixing.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german auto firm daimler confirms china investigation Arab Today, arab today german auto firm daimler confirms china investigation

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today german auto firm daimler confirms china investigation Arab Today, arab today german auto firm daimler confirms china investigation

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday