CHINA'S AUTOMAKERS COMPETE BY PART PRICE REDUCTION
AsiaInfo Services, December, 2004
AsiaInfo Services 12-22-2004 China's Automakers Compete by Part Price Reduction CHINA, Dec 22, 2004 (SinoCast via COMTEX) -- Chinese automakers start to decrease the price of auto components and parts this year for sales promotion, as the rivalry becomes fiercer in the auto industry due to the depression. Shanghai Volkswagen Co., Ltd, a modern automaker with the largest production scale and largest market coverage in China, began to reduce the prices of spare parts in October for two series of cars, with an average of 20%, and the maximum of 80%. Nanjing Fiat Automobile Co., Ltd(Nj Fiat), one joint venture ofYuejin Motor Group and Fiat Auto of Italy, was the first to reduce the prices of parts, Fujian Southeast Auto Co., Ltd(Southeast) have decreased the prices of...
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