More than 40 automotive brands slashed vehicle prices ahead of a change in emissions rules in China. “Government plans for a stricter auto emissions standard effective July 1 has added pressure to automakers and dealers to clear inventories of vehicles that do not meet the standard, Fitch Ratings analysts said in a client note on Thursday,” said Autoblog. SAIC Volkswagen Automotive Co is offering $537 million in cash subsidies for car purchases in the East Asian country. (Source: Autoblog) Read the original story…
