Mercedes Benz Fined $7.6m In S Korea For Misleading EV Battery Claims
Mercedes-Benz is facing major regulatory action in South Korea after authorities found that the company misled customers regarding battery suppliers used in its electric vehicles. The countrys antitrust regulator has imposed a 12.23 billion won (around $7.6 million / Rs 63 crore) fine on the automaker following an investigation into its marketing practices. The penalty was announced by the Fair Trade Commission (FTC),