Probes prompt call for urgent changes to auto sales rules
By Wang Chao and Andrew Moody | China Daily | Updated: 2014-08-18 07:07
Although the Chinese government launched antitrust investigations of only Audi, Chrysler and 12 Japanese spare parts companies, the move has caused tremors among foreign car brands.
Prices have been cut, starting with Jaguar Land Rover on July 25 and continuing with other imported or premium brands.
BMW said it would reduce parts prices by 20 percent starting August 11, Mercedes-Benz announced a drop in parts prices of 15 percent as of September, and GAC Toyota and GAC Honda also announced cuts in the prices of some parts. And the domino effect continues.
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