economy - VW slashes car prices over 10 percent

Earlier this year car manufacturers said the prices cuts in China were over and they would compete for new customers on quality. Of course we all new this would be a lie.
Now Shanghai Volkswagen slashes its prices over ten percent, said Reuters, for four of its most popular sedans in an effort to see its market share slip to 15 percent from over 80 percent ten years ago. It will have a marginal effect: potential car buyers know the prices will come down even further.