BMW, MercedesBenz lower prices in China

BMW AG and MercedesBenz said on Saturday they will lower their prices in China, after the government announced it will reduce the country's value-added tax (VAT) starting on April 1. The German automobile companies each published posts on Chinese social media announcing immediate

Editorial Team Legacy

Published 17 March 2019, 8:00 · Updated 12:13

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BMW AG and MercedesBenz said on Saturday they will lower their prices in China, after the government announced it will reduce the country’s value-added tax (VAT) starting on April 1. The German automobile companies each published posts on Chinese social media announcing immediate price cuts for several models. The discounts come as China endures a shrinking market for automobiles as the economy slows.

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