Volkswagen AG, the biggest overseas car maker in China, slashed prices of some locally made models by as much as 12 percent amid tumbling demand for new vehicles.
The 2-liter Touran was cut to 149,800 yuan (US$22,000) from 169,800 yuan, Shanghai Volkswagen Co said on Tuesday. The 1.4-liter Polo was cut by 4 percent to 108,600 yuan.
(Shanghai Daily February 18, 2009)
