Audi cuts spare-part prices in China amid anti-monopoly probe

An Audi RS5 is displayed at the 2014 China (Shenyang) Auto Industry Expo in Shenyang, capital of northeast China's Liaoning Province, June 30, 2014. The 6-day auto show ended here on Monday. [Photo: Xinhua/Yao Jianfeng]

Audi has announced it's going to cut its spare-part prices here in China connected to the anti-monopoly probe in the automobile industry currently underway.

The National Development and Reform Commission is investigating the industry amid complaints that foreign carmakers are overcharging Chinese customers on products and spare parts.

As part of the move, Audi says it's going to reduce the total cost of spare parts for an Audi A6L by about 30 percent.

The specific details haven't been revealed.

The announcement comes on the heels of Jaguar-Land Rover cutting prices on three of its models in China in response to the Commission's probe.

For more on the situation, we are joined on the line by Mike Bastin, Visiting Professor at China's University of International Business and Economics.