China's Changan cuts car prices again

Newswire

SHANGHAI, July 1 (Reuters) - Chinese auto producer Chongqing Changan Automobile Co Ltd said on Monday it has cut the prices of compact cars made with Japan's Suzuki Motor Corp for the third time this year. The joint venture said in a statement in the China Securities Journal it lowered the price of its Lingyang small car on Monday by an average 12 percent, or between 10,000 to 15,000 yuan ($1,208 to $1,812), Changan said . A Changan official said the prices of five high-end Lingyang ...

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