A new price war erupts in China as Shanghai Volkswagen Automobile Co. Ltd., the country’s largest passenger car maker, slashes prices on its Passat. Shanghai VW is lowering price of Passat in China. The auto maker says it is cutting the Passat's price by $2,400-$3,600. The 1.8L and 2.8L Passat currently retails between $25,300-$39,750. The move comes after FAW-VW Automotive Co. Ltd., VW’s other joint venture in Northeast China's Jilin province, slashed about $1,200 off ...

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