免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

Italy's Fiat Auto is the latest group to join the compact car price war that has been raging in China over the past few months.

Tuesday, the company slashed the prices of its Siena and Palio -- which are both made by its joint venture (JV) in Nanjing in East China's Jiangsu Province -- by 3,000-10,000 yuan (US$360-1,200).

The 1.5-litre Siena now retails between 95,900 yuan (US$11,600) and 128,900 yuan (US$15,600), while the 1.3 and 1.5-litre Palio costs between 78,900 yuan (US$9,500) and 119,900 yuan (US$14,500).

"The price decreases, as a result of our cost-cutting efforts, will help us maintain competitiveness in China's compact car market,'' Nanjing Fiat said yesterday in a statement.

The compact car market is one of the fastest-growing and most crowded in China.

Many Chinese-based compact car producers have been cutting their prices over the past three months as they fight for a greater market share.

It means the prices of the Xiali 2000 and Vizi from Tianjin First Automotive Works Xiali, the Polo and Gol from Shanghai Volkswagen, the Sail from Shanghai General Motors (GM) and the Fiesta from Chang'an Ford, in addition to others, have come tumbling down.

A slew of new compact cars will be produced in China this year, further heightening competition within the market.

Japan's Honda will launch the Fit next month from its JV plant in Guangzhou, capital of South China's Guangdong Province.

Nanjing Fiat, which was set up at the end of 2001, said it has sold more than 50,000 Palios and Sienas since the beginning of last year.

Fiat Auto, which is 20 per cent owned by US giant GM, wants to produce from 150,000 to 200,000 cars annually by 2006 in China.

The company said it will introduce more passenger models into the JV in the future, such as the Alfa Romeo and Stilo.

Sales of passenger cars made in China are forecast to exceed 1.6 million units this year, up from 1.02 million units in 2002.

Close

Today's Top News		Top Business News
+The next great leap after Shenzhou V ( 2003-10-21) +Hu calls for balanced development ( 2003-10-21) +Report: SARS not airborne virus ( 2003-10-21) +Japan urged to resolve weapons issue ( 2003-10-21) +Int'l AIDS group opens Beijing office ( 2003-10-21)		+Home-appliance giants want wheels ( 2003-10-21) +Exchange-rate reform under study ( 2003-10-21) +Health insurance sector called for ( 2003-10-21) +SanDisk teams up to open outlets ( 2003-10-21) +Housing prices start to sag in Shanghai ( 2003-10-21)