Toyota reduces auto part prices in China


Toyota (NYSE:TM) is now the latest automaker to cut its auto parts prices in China, reducing parts on its Lexus models by an average of 26%.

In recent months, many foreign automakers have lowered price tags due to the ongoing anti-trust investigation in the country's auto sector.

Toyota's price cuts come just one day after China's anti-monopoly regulator issued a $201M fine on 12 Japanese companies over price manipulation.

TM -0.4% AH

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