Some of the world's biggest luxury car brands are lowering their prices here in China in response to a government investigation into monopolistic practices.
Audi is cutting its spare-parts prices by up to 38 percent.
The announcement comes on the heels of Jaguar-Land Rover cutting prices on three of its models in China in response to a similar probe.
Mercedes-Benz has also revealed it has had discussions with regulators, but contends it isn't under investigation.
For more on the situation, we are joined live on the line by Gao Shang, analyst with Guangtong Futures.
Talking points:
1. Will cutting prices affect the foreign automaker's profitability?
2 Do you expect more international high-end brands to follow suit?
3 How is it gonna affect the auto industry in China particularly the strategy of local brands?
That was Gao Shang, analyst with Guangtong Futures.
