UPDATE 1-China's Brilliance to slash van prices-source

Newswire

(Adds details) HONG KONG, Feb 26 (Reuters) - Brilliance China Automotive Holdings Limited will slash prices of its Toyota-design luxury vans by up to 45 percent when its begins to use locally produced parts later this year, a source familiar with the company said on Wednesday. The money saved from making its own parts instead of using costly imports will more than make up for the price cuts, the source said. Margins are expected to increase to over 20 percent from the current 15 ...

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