Carmakers Cutting Prices in China to Capture Slice of Market

Chronology of prices cuts as China prepares for entry into World Trade Organization.

Published: 01-Feb-2002

SHANGHAI, Jan 31 (Reuters) - China's car makers are cutting prices to capture a slice of the country's fast-growing car market in preparation for a wave of competition following WTO entry.

Following is a list of major price cuts since the beginning of the year.

January 30 - Volkswagen AG Shanghai venture, which holds 40 percent of China's passenger car market, slashes prices on its flagship Santana by up to 10,000 yuan ($1,208).

<< PREVIOUSNEXT >>
RELATED NEWS ITEMS

READER COMMENTS

blog comments powered by Disqus