Cadillac gets in on price war in China, with cuts of more than $8,000, but no such measures are expected in the U.S. car auto cars
advertisement scroll to continue
Still, analysts predict that 2023 will be the first year in which domestic Chinese brands collectively outsell their foreign competition. Even as the market is expected to grow by three percent, as automakers compete for consumers, prices are falling fast. That has led to efforts to end the price war, including an attempt from the Chinese auto association to get 16 automakers, including Tesla, to agree to avoid “abnormal pricing.” It put an end to its attempt on Saturday, recognizing that any such agreement would violate China’s antitrust laws.
While the price war threatens to cut profitability and push smaller manufacturers out of the market in China, manufacturers haven’t yet shown signs of entering into a similar battle for American consumers, and Cadillac has no plans to cut prices for the Lyriq in the U.S., where it starts at $59,000.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
GM cuts Cadillac Lyriq price in China after VW does its own discounts - AutoblogGeneral Motors cut the starting price for the Cadillac Lyriq in China by almost 14%, joining Volkswagen in a new round of EV price reductions.
Consulte Mais informação »
Breakingviews - China car price truce skids off road at first bendSo much for an end to big discounts on new vehicles in China. On Saturday the China Association of Auto Manufacturers (CAAM) reversed out of the pledge it had brokered just two days earlier with Tesla and 15 domestic carmakers to curb a debilitating price war in which some models were being sold for 20% or more below their sticker price. It leaves plenty of egg on a lot of faces.
Consulte Mais informação »
Explainer: What's behind China's failed 'truce' in EV price war?The group representing China's auto manufacturers has retracted a pledge to avoid 'abnormal pricing' that it had brokered between 16 automakers, including Tesla , breaking off a truce in a brutal price war over electric vehicles.
Consulte Mais informação »
GM cuts Lyriq EV price in China by 14% after VW discountsGeneral Motors Co on Monday cut the starting price for the Cadillac Lyriq in China by almost 14%, joining Volkswagen in a new round of electric vehicle price reductions in a market where global automakers are under pressure.
Consulte Mais informação »
GM cuts Lyriq EV price in China by 14% as market pressures intensifyGeneral Motors Co on Monday cut the starting price for the Cadillac Lyriq in China by almost 14%, joining Volkswagen in a new round of electric vehicle price reductions in a market where global automakers are under pressure.
Consulte Mais informação »
UFC 290: Robbie Lawler caps legendary career with 1st-round KO of Niko PriceLAS VEGAS — Robbie Lawler, the former welterweight champion who was inducted into the Hall of Fame on Thursday, closed his legendary career in style on Saturday in the final preliminary bout of UFC 290 at T-Mobile Arena.
Consulte Mais informação »