View Single Post
  #1 (permalink)  
Old 08-06-2007, 01:00 PM
Posts: n/a
Arrow Shanghai Automotive Volkswagen JV cuts Passat car prices by 7000 ...

BEIJING (XFN-ASIA) - Shanghai VW, a 50-50 joint venture between Volkswagen and China's largest automaker Shanghai Automotive Industry Corp, said it has officially cut prices on one of its flagship models -- the Passat Lingyu -- by 7,000-16,200 yuan.

Prices of the model currently range between 176,800 - 301,800 yuan, said Shanghai VW over the weekend.

The venture sold 216,300 cars in the first half, up 34 pct year-on-year.

Copyright AFX News Limited 2007. All rights reserved.

The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.

Neither the Subscriber nor AFX News warrants the completeness or accuracy of the Service or the suitability of the Service as a trading aid and neither accepts any liability for losses howsoever incurred. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon.

Source: [url=]Forbes[/url]
Reply With Quote