Want China Times, Staff Reporter 2014-08-06
Chrysler China announced price adjustments for car parts and accessories in China on Aug. 5, following similar moves from fellow carmakers Jaguar Land Rover, Audi and Mercedes-Benz, in response to the country's anti-monopoly investigation which has been underway since June.
A cartoon featured in a Chinese media outlet depicts the anti-monopoly probe on Mercedes-Benz. (Photo/CFP) |
Chrysler China announced price adjustments for car parts and accessories in China on Aug. 5, following similar moves from fellow carmakers Jaguar Land Rover, Audi and Mercedes-Benz, in response to the country's anti-monopoly investigation which has been underway since June.
BMW and
Toyota are likely to follow suit.
There will
be a 20% price reduction for 145 Chrysler parts and accessories with high
warranty return rates, including front lights, rear mirrors, and starters. The
price of the manufacturer's flagship Jeep Grand Cherokee SRT8 will drop 65,000
yuan (US$10,500), while the 5.7L Grand Cherokee will drop 45,000 yuan
(US$7,300).
Jaguar Land
Rover lowered the price of its three models by 200,000 yuan (US$32,500) and
Audi will offer a 16%-38% price cut for parts and accessories. The price
changes are effective Aug. 1 for both carmakers.
Mercedes-Benz
China followed suit, announcing that it would reduce the price of component
repair by 15% on Aug. 3, which is its second price cut within a month. This
move failed to help the manufacturer dodge a probe, however. The day after it
released the announcement, the National Development and Reform Commission
turned up for a spot check at the carmaker's offices and took some of its
senior staff and computers in to help with the investigation.
According
to Xinhua, even with the generous price cuts, imported cars are still much more
expensive than the same cars sold overseas. The Jaguar 5.8V8 Autobiography
model, for example, costs 2,600,000 yuan (US$422,000) in China after the
discount, which is nearly three times its UK price.
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