Volkswagen AG’s joint venture with China’s FAW Group cut prices for all its Audi models in China last week. Photo: Xinhua

Volkswagen latest to reduce prices in China ahead of VAT cut with sales at record low amid slowdown

  • Volkswagen AG’s joint venture with China’s FAW Group to lower guide prices for all models under the Volkswagen brand having already cut prices for all its Audi models
  • Chinese Premier Li Keqiang announced earlier this month that the value-added tax rate for manufacturers would be cut from 16 per cent to 13 per cent on April 1
Topic |   China economy

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Volkswagen AG’s joint venture with China’s FAW Group cut prices for all its Audi models in China last week. Photo: Xinhua
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