Daimler AG to Cut Prices for Mercedes-Benz Parts in China
Bloomberg revealed that Daimler AG would be slicing off the prices for its Mercedes-Benz spare parts in China. The report claimed the parent of the three-pointed star brand will cut the prices by an average of 15 percent starting next month. This came amid an ongoing investigation by the Chinese government of whether automakers in the region have been rigging prices for their products. There are around 10,000 products affected by the price cuts. These cover all Mercedes-Benz models in the country. The cost of windshields will be particularly sliced down up to 29 percent said the company in an emailed statement to the source. Daimler explained that the move… Continue Reading »