GAC Toyota Denies Quitting the Price War

AASTOCKS

2024-07-22 07:11

Recently, there have been rumours that GAC Toyota will follow the strategy of BMW and other luxury fuel brands to withdraw from the price war and will...

　　Recently, there have been rumours that GAC Toyota will follow the strategy of BMW and other luxury fuel brands to withdraw from the price war and will not lower prices any more.

　　In response to the news, a relevant person from GAC Toyota told China Business Network that the company has never officially said that it is withdrawing from the price war, and that it was accidentally caught up in the BMW incident. There will still be discounted prices for GAC Toyota models, but the discounted prices would tend towards stabilising.

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