CHINA: Brilliance China cuts sedan prices to shift old stock
Brilliance China Automotive Holdings Ltd has cut the price of older versions of its mid-range sedans in an effort to clear unsold stock after their sales tumbled over the past two months, Dow Jones reported. The report said the company cut the price of the manual-transmission version of its 2.4-litre domestic brand Zhonghua sedan by 5% to 178,800 yuan from CNY188,800 and dropped the price of the 2.0-litre sedan 7% to CNY157,800 from CNY169,800.
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