Seeking Alpha

Japanese automakers reduce parts prices in China

  • Toyota (NYSE:TM), Honda (NYSE:HMC) and Nissan (OTCPK:NSANY) are the latest carmakers to slash prices on auto products and spare parts in China, following the continuing antitrust investigation into the Chinese auto parts industry.
  • This past month, only automakers BMW, Mercedes-Benz, Audi, Chrysler and Jaguar Land Rover cut their prices due to the Chinese National Development and Reform Commission's expanded investigation. However, it now looks as though the probe extends beyond foreign luxury auto brands.
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