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Sunday, 10 August 2014

Chinese antitrust probe prompts more price reductions

The price of parts for Audi and Mercedes cars has already been cut, after antitrust authorities in China criticised them. Now Bloomberg  reports that Toyota and Honda have followed suit. Moreover, the authorities say that they are going to punish Chrysler and Audi for monopolistic practices, they claim. No more details at present: it will be interesting to see what this means.

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