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mercedes being investigated
NEW YORK (CNN/Money) - U.S. regulators are investigating possible price fixing by luxury automaker Mercedes-Benz, according to filing with the Securities and Exchange Commission.
The filing said the U.S. Justice Department has notified the automaker that it is conducting a criminal investigation in connection with the allegations made in a civil class action lawsuit pending in the United States District Court for the District of New Jersey. It said the company and its units have been served with a grand jury subpoena. The civil suit charges Mercedes-Benz USA LLC (MBUSA) and its wholly-owned subsidiary Mercedes-Benz Manhattan, Inc. (MBM) participated in a price fixing conspiracy among Mercedes-Benz dealers. "MBUSA and MBM intend to defend themselves vigorously," the filing said. Mercedes-Benz is a unit of DaimlerChrysler AG, whose holdings also include Chrysler Group, its North American unit that operates the nation's No. 3 automaker. Mercedes-Benz USA operates independently of Chrysler Group. U.S. shares ofDaimlerChrysler (DCX: down $2.70 to $44.85, Research, Estimates) were off 5 percent at midday following reports of the filing. end
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1984 300D Turbo - 231k....totalled 11/30/07 RIP |
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"Your Honor", my client only meant to introduce "no-haggle pricing" in their dealer lineup"...
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2009 ML350 (106K) - Family vehicle 2001 CLK430 Cabriolet (80K) - Wife's car 2005 BMW 645CI (138K) - My daily driver 2016 Mustang (32K) - Daughter's car |
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