GUANGZHOU HONDA TRIGGERS PRICE-CUTTING
AsiaInfo Services, April, 2007
AsiaInfo Services 04-12-2007 Guangzhou Honda Triggers Price-cutting GUANGZHOU, Apr 12, 2007 (SinoCast via COMTEX) -- Guangzhou Honda Automobile Co., Ltd., a 50-50 flagship joint venture between Guangzhou Automobile Group and Honda Motor Co., Ltd., cuts prices of Accord and Fit, two car models of the carmaker, to CNY 179,800 and CNY 79,800 respectively on April 10. Since South East (Fujian) Motor Co., Ltd.
declined prices on March 1, more than ten automakers have participated in the price competition. Of the top ten passenger car manufacturers, eight ones have reduced prices of their major car models. Compared with January, the sales of China-made sedans declined 1.24 percent in March. Among reduced-price mainstream car models, ten models all obtained over 20...
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