Daimler Cuts Mercedes-Benz Parts Prices in China Amid Probe

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Daimler AG plans to cut spare-part prices for its Mercedes-Benz cars in China by an average 15 percent as of next month amid a government investigation into whether automakers manipulated prices.

The reductions will include more than 10,000 products covering all Mercedes-Benz models, with a 29 percent decrease on windshields, the Stuttgart, Germany-based manufacturer said in a statement yesterday. The move will improve the carmaker’s competitiveness in after-sales services, it said.