VW stops price cuts in China.(News)

Automotive News Europe,  July, 2004  by Webb, Alysha

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Byline: Alysha Webb

Volkswagen wants to end a discounting battle with General Motors over new-car sales in China.

Shanghai VW says it will not cut prices of its Polo small car any further.

Last month, Shanghai VW cut the price of the Polo small car by more than 9 percent to 120,000 yuan - [euro]11,700 at current exchange rates.

In June, Shanghai GM sold more cars than Shanghai VW for the first time. Official figures are not published, but sources at both companies confirmed a report that Shanghai VW sold 20,805 units in June compared with Shanghai GM's 24,040 units.

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