BEIJING — State authorities are concerned about price undercutting of farm vehicles despite recent limits set by the government. During the last two months of 1998, prices dropped by an average of 48%, some plunging by as much as 120%, amounting to US$19.3 million in losses for 91 domestic farm vehicle producers in the period. To stop the bloodletting, the state recently published the average production costs of the farm vehicle industry. The costs are expected to be legally binding on ...
Premium Content (PAID Subscription Required)
"Printer-friendly" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.