Retail

VW joins China price war as new emissions rule looms

VW China showroom 2
(BLOOMBERG)
R
By:
Reuters
March 17, 2023 01:00 PM

BEIJING --  Volkswagen is offering 3.7 billion yuan ($537 million) in cash subsidies for car purchases in China, joining more than 40 brands in slashing prices ahead of a change in emissions rules in the world's largest auto market.

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