BMW latest carmaker to cut its prices in China
By Lu Nengneng |
August 9, 2014, Saturday
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Print Edition
Print Edition
BMW has become the fifth carmaker to cut its prices in China as China’s anti-monopoly investigation continues.
The German luxury carmaker is lowering the wholesale prices of more than 2,000 spare parts by 20 percent on average. In the past seven months, it had already brought down the wholesale prices of over 3,300 spare parts by 15 percent on average.
The company said it was paying close attention to the investigation. In response to whether it is under investigation itself, the company said it was in touch with the National Development and Reform Commission and their communication was “good.”
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