CHINA TOYOTA
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CHINA TOYOTA

--FILE--People look at a Toyota Previa car at the stand of Toyota during the 15th China (Guangzhou) International Automobile Exhibition, also known as Auto Guangzhou 2017, in Guangzhou city, south China's Guangdong province, 18 November 2017. Toyota Motor Corp. will cut prices of its Lexus cars in China after the world's largest auto market cut its vehicle import tariffs to 15 percent from 25 percent. The Japanese carmaker will determine the exact discounts by the end of May, Kyodo News Service reported. Compatriot manufacturer Subaru Corp., which does not make cars in China, and other Japanese firms have also embraced the tariff cut, the report added. China's Ministry of Finance announced yesterday that it would reduce import tariffs on complete cars and parts starting from July 1 this year, with rates on components falling to 6 percent from between 8 and 25 percent. Tesla is also planning price cuts, and the China units of BMW AG, Audi AG and Volvo Group told Yicai Global they welcome the change and are evaluating their prices. (Imaginechina via AP Images)

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18144174371781
November 17, 2017 11:50:41 PM
May 24, 2018 04:50:46 AM
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ICHPL Imaginechina
Stringer - Imaginechina
For editorial use only. Please contact your AP representative for commercial use. China OUT; France OUT ; IC-URN:pbu714227_02
6995 x 4666 13.38 MB
Automobile manufacturing, Consumer product manufacturing, Consumer products and services, Business, Trade barriers, Trade policy, International trade, Economy, Trade policy, Economic policy, Economic policy, Government business and finance, Government business and finance, Government and politics, Economic policy, Government policy
China, Chinese, Toyota, Motor, auto, market, vehicle, import, tariff, China, Toyota, auto, market, vehicle, import
Guangzhou, GUANGDONG, CHINA
NYWWP
CTR
Chen Qi

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