Will Daimler (DDAIF) Stock be Affected By Parts Price Cut In China?

NEW YORK (TheStreet) -- Daimler (DDAIF) will cut spare-part prices for its Mercedes-Benz cars in China by an average of 15% as of next month amid a government investigation into whether automakers manipulated prices, Bloomberg reports.

Shares of Daimler are up 1.30% to $82.56.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

 DDAIF ChartDDAIF data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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