Audi is next automaker to cut spare-part prices in China

|By:, SA News Editor

Audi (OTCQX:VLKAY) is now the next automaker to trim its spare-part prices in China, following an anti-monopoly probe which investigated the country's auto industry.

Many global carmakers have faced scrutiny from China's state planner, the National Development and Reform Commission (NDRC), which accused foreign automakers of using a dominant market position to overcharge Chinese customers on products and spare parts.

As a result of the NDRC's probe, many companies have cut service charges and spare-part prices in China including Jaguar Land Rover (NYSE:TTM) and Mercedes-Benz (OTCPK:DDAIY).