Mercedes Ordered to Stop South Korean Price Fixing

Robert Farago
by Robert Farago

When the U.S. and South Korea signed a new trade agreement last week, the dems bitched on behalf of The Big 2.8: "Last year, South Korea exported more than 700,000 cars into the U.S.,” their statement proclaimed. “While the United States exported fewer than 5,000." Setting aside the question of what American-made cars could generate 650k South Korean sales, reveals that the existing importers are playing silly buggers. Korea’s Fair Trade Commission has ordered Mercedes to stop price fixing. “The importer allegedly had a firm ‘three-strikes’ guideline for dealers that broke its rules more than twice. The offending dealers were stripped of their sales rights and required to pay penalties of W30 million [US$1=W928].” BMW and Audi may be next.

Robert Farago
Robert Farago

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  • Alex L. Dykes Alex L. Dykes on Jul 13, 2007

    Hey, hows about we send 'em DCX's unsold 2006 cars at a steep discount?

  • Glenn 126 Glenn 126 on Jul 13, 2007

    But, Alex, we actually LIKE the South Koreans...

  • Mikey Mikey on Jul 13, 2007

    So the U.S. lets 700,000 cars in and only 5000 go out? Koreas fair trade people claim that Merc. isn't playing fair? I personally like the chicken tax idea about 40% works for me. On another point, thats one fine looking young lady,standing by that Merc.