June 15, 2012 by Joey Wang
The prices of China’s locally produced vehicles hit a record low in May, as high inventories forced dealers to launch a price war.
According to the Price Monitoring Center of the National Development and Reform Commission, the prices of both locally made and imported vehicles in China’s 36 big- and medium-size cities dropped in May, Caijing reported on June 12.
March 2, 2011 by Tycho de Feijter
FAW is slashing the price from the Besturn B70 with 15.000 yuan, that’s 2.281 dollar. The cheapest B70 goes from 131.800 tot 116.800 yuan, the most expensive B70 from 165.800 to 150.800. A price war is looming in the Chinese auto market but in this case a little bit more is going on, FAW is readying a facelift for the B70 that will likely debut on the Shanghai Auto Show in April and so needs to get rid of some old cars.