Pursuits
China Raids Mercedes Office in Shanghai in Antitrust Probe
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Government investigators raided Daimler AG’s Mercedes-Benz office in Shanghai as part of an anti-monopoly probe a day after the German automaker announced plans to cut prices on replacement components next month.
“We confirm that we are assisting the authorities in their investigation,” Senol Bayrak, a spokesman for Daimler in China, said in an e-mail, declining to comment further.