Mo­nop­oly probe stirs lower lux­ury-car prices

China Daily (Canada) - - NEWSCAPSULE -

Ma­jor in­ter­na­tional lux­ury car man­u­fac­tur­ers are re­duc­ing prices of their ve­hi­cles, parts and af­ter-sales ser­vice in re­sponse to the govern­ment’s anti-mo­nop­oly in­ves­ti­ga­tion of the auto in­dus­try.

Bri­tish lux­ury ve­hi­cle man­u­fac­turer Jaguar Land Rover said that ef­fec­tive Aug 1, the sug­gested re­tail price of the Range Rover 5.0 V8, Ranger Rover Sports 5.0 V8 and Jaguar F-Type Cabri­o­let will be re­duced by an av­er­age of 200,000 yuan ($32,323).

Ger­man brand Audi, the sales leader in China’s lux­ury ve­hi­cle seg­ment, also an­nounced that it will cut the prices of Chi­na­made mod­els’ spare parts by up to 38 per­cent start­ing on Aug 1, in re­sponse to the anti-mo­nop­oly in­ves­ti­ga­tion into the auto in­dus­try. (Photo 1)

PHOTO / XIN­HUA

A corn field in the western ar­eas of Henan province shows the im­pact of a drought since mid-May.

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