Will Daimler (DDAIF) Stock Be Affected Today After China Finds Them Guilty Of Price Fixing?

NEW YORK (TheStreet) -- Daimler's (DDAIF)  Mercedes-Benz has been found guilty of manipulating prices for after-sales services in China, according to the official Xinhua news agency, adding to pressure on foreign carmakers in the world's largest auto market, Reuters reports.

Brands including Volkswagen AG's VLKAY Audi, BMW and Mercedes-Benz are cutting prices for new cars and spare parts in an effort to appease Chinese regulators which have accused some of them of anti-competitive behavior, Reuters said.

 DDAIF Chart DDAIF data by YCharts

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