AM Online

Mercedes fined £7m

Mercedes must pay a £7m penalty for attempting to fix the price of its E-Class executive car.

The manufacturer had appealed to the European Court of First Instance against three Competition Commission fines given for a variety of alleged offences.

The court upheld a £7m charge, which Mercedes was given for its efforts to keep discounts on the E-Class to no more than 3% off the list price. Under competition rules, manufacturers are not allowed to dictate to dealers how much cars are sold for.

However, it was absolved of two anti-competitive practices. The court waived a £32m fine, which had been handed out by the commission for telling German dealers to demand 15% deposits from buyers from other countries.

It also overturned a £10 million penalty imposed on Mercedes for preventing dealers from establishing stocks of cars.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest


Login  /  Register

Comments

No comments have been made yet.