Mercedes exec denies China price probe image

After reports of China’s price watchdog concern that the local unit of Mercedes-Benz might be part of an ongoing price fix for spare parts, a local executive denied they were aware of any probe.

Last week, local and after that foreign media reported that the National Development and Reform Commission (NDRC), the country’s price and monopoly regulator, was aiming to review Mercedes-Benz, alongside other foreign carmakers, for allegedly charging more money on spare parts.

“We have an ongoing relationship, a good one, a constructive one with the NDRC. We’ve had a number of conversations with them. I’m not aware that we’re under investigation,” said Nicholas Speeks, head of China sales at Mercedes-Benz. “But certainly, they have expressed some concerns to us. And I think they are sincere concerns. We tend to take our own view about it, but it’s an ongoing conversation,” he added.

Further on, a Mercedes spokesperson commented on Speeks remarks, saying that NDRC’s concerns the executive was referring to were not about the ongoing broad monopoly investigation, but more “general”. In February, a top NDRC official disclosed the country’s price regulator was in the process of gathering up evidence over possible anti-competitive misconduct in relation to China’s auto parts market.

Via Reuters