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Volkswagen AG Slashes prices by up to 12%

VOLKSWAGEN AG, the biggest overseas car maker in China, slashed prices of some locally made models by as much as 12 percent amid tumbling demand for new vehicles.

The 2-liter Touran was cut to 149,800 yuan (US$22,000) from 169,800 yuan, Shanghai Volkswagen Co said yesterday. The 1.4-liter Polo was cut by 4 percent to 108,600 yuan.


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