/ BMW, Industry, News / China: amid antitrust investigation, BMW also lowers prices

China: amid antitrust investigation, BMW also lowers prices

Linked In Share
China: amid antitrust investigation, BMW also lowers prices

The world’s largest premium automaker joined its German rivals Audi and Mercedes-Benz, as well as Jaguar Land Rover, cutting prices for the local market.

The move comes amid China’s government allegations that foreign brands engage in anti-competitive practices, overcharging Chinese buyers for vehicles and spare parts – launching industry wide investigations to enforce anti monopoly laws.

“Recently, NDRC’s Price Supervision and Anti-Monopoly Bureau expressed great concerns over problems in the auto industry and the after-sales market,” BMW said. “BMW has been paying close attention, and in response, is making the effort to bring down wholesale prices and promoting the flow of original parts.”

According to the company’s statement, the price reductions are just an “active response” to National Development and Reform Commission (NDRC)’s recent worries. BMW said it already moved to slash prices for 3,300 components in China by around 15% since the start of the year and will further cut them for over 2,000 spare parts by around 20% this month.

The Chinese price regulator this week announced it would impose fines for anti-competitive behaviour to Volkswagen AG’s Audi and Chrysler. The probes also go beyond the automotive industry, hitting foreign companies such as Mead Johnson Nutrition, Danone SA or Microsoft Corp.

Via Reuters

by Aurel Niculescu (my Google+) - Friday, August 8th, 2014 - filed under BMW, Industry, News. Image credit: .
Linked In Share
Related Articles
china monopoly probe price reduction spare parts


Discuss: China: amid antitrust investigation, BMW also lowers prices

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Race promoters wanted helmet change ban – Wolff
Race promoters wanted helmet change ban – WolffMar.2 (GMM/Inautonews.com) Toto Wolff has defended the controversial banning of mid-season driver helmet livery changes. After ...
US: automobiles are aging more gracefully now
US: automobiles are aging more gracefully nowThe US auto industry is receiving another sign that its recovery will survive in the long-term: the feared average age of cars on ...
Hyundai Santa Cruz pickup concept hints at new developemnt directions
Hyundai Santa Cruz pickup concept hints at new developemnt directionsHyundai researchers have turned to customers to gain insight into what the South Korean brand needs to build up on the success of ...
Recall roundup: Dodge Durango and Jeep Grand Cherokee for fuel pump problems
Recall roundup: Dodge Durango and Jeep Grand Cherokee for fuel pump problemsFiat Chrysler Automobiles (FCA) has announced a recall covering the Dodge Durango and Jeep Grand Cherokee because of an issue ...
Jeep Wrangler Rubicon Rocks Star shown ahead of Geneva debut
Jeep Wrangler Rubicon Rocks Star shown ahead of Geneva debutThe Jeep Wrangler Rubicon Rocks Star has been officially unveiled ahead of its public debut scheduled for the 2015 Geneva Motor ...
FCA changes Jeep’s Made in America business model
FCA changes Jeep’s Made in America business modelWith the addition of new factories that would allow the brand’s vehicles to be manufactured on four continents, Jeep's annual ...
Recall roundup: Cadillac ATS and Chevrolet Impala for two separate issues
Recall roundup: Cadillac ATS and Chevrolet Impala for two separate issuesThe NHTSA has added two recalls from General Motors for the Cadillac ATS and the Chevrolet Impala because of two separate ...
Leaked – Renault Clio RS Trophy
Leaked – Renault Clio RS TrophyThe new range-topping version of the Renault Clio, the Clio RS Trophy, has recently leaked in two images ahead of its official ...
Recall roundup: Can-Am Spyder for potential fire risk
Recall roundup: Can-Am Spyder for potential fire riskThe Can-Am Spyder RT is the subject of a recall which has been recently announced Bombardier Recreational Products because of a ...
Ford’s Flex is that oddball US model
Ford’s Flex is that oddball US modelThe nameplate is carried by a model with an utterly distinctive look, unlike any other Ford model, and also has good reliability ...
Seat teasing its first crossover concept for Geneva
Seat teasing its first crossover concept for GenevaSeat has released the first official teaser of the crossover concept which will be officially presented to the public tomorrow, ...
Geneva motor show: talk of the town could be focused on rumored Apple car
Geneva motor show: talk of the town could be focused on rumored Apple carThe Geneva auto show is shaping up so far to be one of the best editions since the onset of the global financial crisis back in ...
US: auto sales show promising winter start
US: auto sales show promising winter startNew car and truck deliveries on the US market have surpassed the frigid winter to a stronger than expected sales figure, with the ...
This is the Carrozzeria Touring Superleggera Berlinetta Lusso
This is the Carrozzeria Touring Superleggera Berlinetta LussoThe Carrozzeria Touring Superleggera Berlinetta Lusso has ended up on the web in the first leaked images ahead of its public ...
Brazil: dictatorship investigation says VW testimony “unsatisfactory”
Brazil: dictatorship investigation says VW testimony “unsatisfactory”The voice of a Brazilian truth commission probing abuses made during the country’s 1964-85 military dictatorship has panned the ...
Read more automotive news


2015 Geneva Motor Show Coverage

Jeep Wrangler Rubicon Rocks Star 1
renault clio rs trophy 1
Carrozzeria Touring Superleggera Berlinetta Lusso 1
jaguar f-type startech tuning 1
2016 honda civic type r 1
2015 volkswagen passat abt tuning 1
2016 audi r8 spyder 1
Mercedes-Benz G63 AMG posaidon tuning 1
skoda superb rs 1
Renegade Hard Steel Concept 1
lexus lf-sa concept 1
Aston Martin Lagonda Taraf 1

More automotive from inautonews
The US auto industry is receiving another sign that its recovery will survive in the long-term: the feared average age of cars on the road is finally showing incipient signs that it wants to go down. That’s according to Experian Automotive, which says that average age of all cars on the road in ...
read more
Inautonews Editors Section
Geneva Motor Show 2015 – the full car guide
Geneva Motor Show 2015 – the full car guideIt can only get bigger and better. The 85th International Motor Show in Geneva will finally make its “carsy” debut on the 3rd of March. The show ...
Test Drive: Ford Tourneo Courier 1.0 EcoBoost – Serenity
Test Drive: Ford Tourneo Courier 1.0 EcoBoost – SerenityFord has been battling losses for years in its Ford of Europe business, but judging by the model lineup of the second largest US automaker you would ...
Test Drive: Renault Megane GT Line Energy 1.2 TCe
Test Drive: Renault Megane GT Line Energy 1.2 TCe Besides the Megane GT Line diesel, tested here, Renault is also offering a petrol version of the model which is using the 1.2-liter turbo. But is ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Dodge Durango and Jeep Grand Cherokee for fuel pump problemsFiat Chrysler Automobiles (FCA) has announced a recall covering the Dodge Durango and Jeep Grand ... Recall roundup: Cadillac ATS and Chevrolet Impala for two separate issuesThe NHTSA has added two recalls from General Motors for the Cadillac ATS and the Chevrolet Impala ...
Safety Section