Prices of Jeep Grand Cherokee SRT8 and Grand Cherokee Summit cut in China

Article by Christian A., on August 8, 2014

Chrysler Group is trimming the prices of the Jeep Grand Cherokee SRT8 in China by CHY65,000 ($10,500) and the Grand Cherokee Summit by CHY45,000 ($7,300) following a report that it has become a subject of an anti-monopoly investigation by the National Development and Reform Commission.

China National Radio reported that the NDRC in Shanghai was near to closing a probe into possible monopolistic practices at Chrysler and said that Chrysler would be punished in the near future.

Chrysler will also trim prices of around 145 high-value and high volume warranty components by 20 percent. Daphne Zheng, managing director of Chrysler Group China Sales Limited, remarked that the price cuts were voluntary and the carmaker would “look for additional opportunities” to proactively improve its competitive offer in China.

NDRC is also probing Mercedes-Benz. China has deepened its efforts to make foreign companies comply with an anti-monopoly law passed in 2008 by setting its eyes on industries as like milk powder and jewelry.

The NDRC is also investigating practices of Mercedes-Benz, Audi and BMW AG, and Japanese carmakers to determine whether the companies are inflating prices for spare parts, people privy with the matter divulged in July.

Audi’s joint venture in the country announced in July that it is trimming prices by up to 38 percent, while Mercedes recently disclosed that it intends to cut prices of replacement parts that will average 15 percent starting in September.

Media reported that around nine officials from NDRC’s anti-monopoly department paid a surprise visit to Mercedes’ Shanghai office. Han Weiqi, an analyst at CSC International Holdings remarked that the timing of the raid is a bit confusing, may be because the carmaker’s price cuts failed to meet the authorities’ expectations.

If you liked the article, share on:

Comments

Recommended

A racing team is claiming that it has managed to break the lap record in its category in the ever-demanding Nurburgring circuit in 2016 while driving a road-going Volvo S60...
by - May 27, 2017
Aside from the officially confirmed BMW 8 Series, the next generation BMW M5 (F90) is getting a lot of attention from the fans, enthusiasts and even potential customers around the...
by - May 27, 2017
Automobili Lamborghini’s preparations for the production of its first ever sports utility vehicle, the new Lamborghini Urus, has reached new grounds as the Italian carmaker is disclosing plans to construct...
by - May 26, 2017
The upscale version of the GMC Yukon body-on-frame sport utility vehicle – the GMC Yukon Denali – has been refreshed for the 2018 model year. It now sports a new...
by - May 26, 2017
The largest gathering of Volkswagen and Audi cars in Europe is underway, and the German premium carmaker is displaying the third model of its G-Tron range at the 2017 Worthersee...
by - May 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries