Log in
Lost password
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Shares  >  Xetra  >  Daimler AG    DAI   DE0007100000

News SummaryMost relevantAll newsSector news 

Daimler : Cuts Spare Part Prices in China

08/03/2014 | 09:56pm US/Eastern

SHANGHAI--German luxury car maker Daimler AG will cut prices of spare parts for its Mercedes-Benz cars in China, according to a statement issued Sunday.

Daimler's move comes just over a week after rival Audi AG announced price cuts for spare parts of up to 38% in China and Tata Motors Co.'s Jaguar Land Rover PLC said it would reduce prices for three models in its portfolio in response to an investigation by the pricing and antimonopoly division of the National Development and Reform Commission, China's top economic-planning agency.

The new prices will take effect from Sept. 1 and will cover more than 10,000 parts. Reductions will average 15%, the statement said. The price of some items, such as windscreens, will be cut by as much as 29%.

China has strengthened its regulation of pricing in recent years under an antitrust law that was enacted in 2008. It has taken aim at a variety of foreign brands ranging from pharmaceutical producers to the baby-formula milk-powder industry, sometimes leading to considerable fines.

Foreign luxury car makers have been accused by China's state media of earning exorbitant profits in China by dominating the market, overcharging consumers and controlling the sale of auto parts.

Write to Colum Murphy at colum.murphy@wsj.com

React to this article
Latest news on DAIMLER AG
09:12a DAIMLER : Mercedes-Benz PR under new management
06:48a DAIMLER : Commercial Driver's License Standards: Application for Exemption; Daim..
05:37a DAIMLER : The stars of the show – superlative camper vans based on the Mer..
05:12a DAIMLER : Mercedes-Benz Vans: 344 Mercedes-Benz Sprinter ambulances for Spain
04:38a DAIMLER : Mercedes-Benz August deliveries rise 53.1 percent in China
04:37a DAIMLER : Strong growth in unit sales for Mercedes-Benz in Asia
04:37a DAIMLER : Intermediate result: around 14,500 participants currently taking part ..
03:12a DAIMLER : Special Model to Market Launch: Mercedes-AMG C 63 Coupé Edition 1: Ins..
03:12a DAIMLER : Mercedes-AMG DTM Team present 2016 race car
09/03 DAIMLER : Mercedes launches its eleventh car in 2015
Duration : Period :
Daimler AG Technical Analysis Chart | DAI | DE0007100000 | 4-Traders
Income Statement Evolution
More Financials