CHINA: Another car maker cuts prices
FAW Car Co., a unit of car group FAW Group Corp., said Friday that it had cut the price of Red Flag brand sedans by up to 50,000 yuan from June, Dow Jones reported. The move came after another FAW unit, Tianjin FAW Xiali Automobile Co. cut the prices of three models by up to CNY10,000, the news agency noted.
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