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UK: OFT fines Mercedes-Benz, dealers $4M

By  |  February 21, 2013
UK: OFT fines Mercedes-Benz, dealers $4M

A nearly $4 million fine has been slapped onto three of Mercedes-Benz’s UK dealerships for price-fixing. According to reports, the Office of Fair trading has imposed the fines in part of its crackdown in the trucking industry; Mercedes’ UK branch and its three dealers have reportedly admitted to the scheme involving market sharing and collusion to exchange commercially-sensitive information, as well as price fixing. The scheme involved commercial vehicle distribution between 2008 and 2010.

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    Full Content: The Telegraph

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