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BMW cuts spare-parts prices amid anti-trust probe

2014-08-08 16:28 Shanghai Daily Web Editor: Si Huan

BMW became the fifth carmaker to cut prices as China's anti-trust campaign escalated.

Starting from next Monday, the German luxury carmaker will lower the wholesale prices of more than 2,000 spare parts by 20 percent on average. In the past seven months, it had already brought down the wholesale prices of over 3,300 spare parts by 15 percent on average.

In a statement released last night, the company said it is paying close attention and making proactive responses to the investigation led by the Bureau of Price Supervision and Anti-Monopoly of the National Development and Reform Commission into the industry-wide problems in vehicle and after-sales services.

Earlier this week, the National Development and Reform Commission confirmed that is had found evidence of Audi and Chrysler pursuing monopoly practices, and is investigating Mercedes-Benz. All of the three companies had made announcements of price cuts before the news of the probe was made public.

In response to whether BMW is also under anti-trust investigation, the company said it keeps in touch with the National Development and Reform Commission, and their communication is good.

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