Carmakers Cutting Prices in China to Capture Slice of Market
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).
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