Member access

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

DAIMLER AG (DAI)

287
Real-time Quote. Real-time TRADEGATE AG - 09/19 10:01:58 pm
63.6990 EUR   -0.08%
1d ago DAIMLER : All-new FUSO trucks presented in Indonesia
1d ago GM's Cadillac to introduce high-end sedan in late 2015
1d ago DAIMLER : Mercedes-Benz Unimog U 423: Versatile, powerful, application-opti..
SummaryQuotesChart AnalysisNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 

Daimler : Cuts Spare Part Prices in China

08/03/2014 | 09:56pm US/Eastern
Recommend:
0

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

Recommend :
0
React to this article
Latest news on DAIMLER AG
1d ago DAIMLER : All-new FUSO trucks presented in Indonesia
1d ago GM's Cadillac to introduce high-end sedan in late 2015
1d ago DAIMLER : Mercedes-Benz Unimog U 423: Versatile, powerful, application-optimised..
1d ago DAIMLER : Trucks launches all-new FUSO trucks in Indonesia
1d ago DAIMLER : INDIA CVs ENTERS INDONESIA WITH FUSO
1d ago DAIMLER : Western Star adds an aero highway tractor
2d ago DAIMLER : Mitsubishi Fuso offers engine protection system
2d ago DAIMLER : Autonomous driving through Silicon Valley: Mercedes-Benz receives lice..
2d ago DAIMLER : and the Kuwait Investment Authority celebrate the anniversary of their..
2d ago DAIMLER : German cars learning US traffic regulations: Autonomous driving throug..
Advertisement
Chart
Duration : Period :
Daimler AG Technical Analysis Chart | DAI | DE0007100000 | 4-Traders
Income Statement Evolution
Daimler AG : Income Statement Evolution
More Financials
Dynamic quotes  
ON
| OFF