Mercedes Ordered to Stop South Korean Price Fixing
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, chosenilbu.com 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.