Mercedes Cuts Parts Prices as China Monopoly Probe Continues

Newswire

By Samuel Shen and Norihiko Shirouzu SHANGHAI, Aug 4 (Reuters) - Daimler AG's Mercedes-Benz said the German luxury auto brand would cut prices on more than 10,000 spare parts by 15 percent on average less than a month after it announced a sweeping reduction of prices for repair and maintenance services. The move, announced over the weekend on Merecdes-Benz's China market website, comes as pressure from China's anti-monopoly regulators builds on global automakers to do away with ...

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