Mexican Media Brands
Mercedes Cuts China Prices for Cars from U.S.
Daimler AG’s Mercedes-Benz unit says it will lower Chinese prices on four U.S.-produced models in response to China’s plan to drop import tariffs on such vehicles to 15% from 40%.
#economics
Share
Daimler AG’s Mercedes-Benz unit says it will lower Chinese prices on four U.S.-produced models in response to China’s plan to drop import tariffs on such vehicles to 15% from 40%.
The price cuts will range between 36,000 and 135,000 yuan ($5,200-$19,600), according to the company. Daimler’s action follows BMW AG’s announced price reduction on Saturday of 3%-7% on X5 and X6 series crossover vehicles produced in Spartanburg, S.C.
China agreed last Friday to restore its import duties on American-made cars to 15%—the same amount it levies on cars received from other countries—for three months beginning Jan. 1. The reduction is part of a cease fire between China and the U.S. in their simmering trade war as negotiations swing into serious discussions next month.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
Ford’s Net Profit Plummets 86%
Ford Motor Co.’s net earnings in the second quarter plunged to $148 million from $1.1 billion in the same period in 2018.