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Next to nothing: the effect of the price wars
摘    要:The sales statistics from January to May showed that the growth rate of wholepassenger vehicle sector is dropping. During the first half of 2004, a number of car makersreduced their prices to maintain market share, including GM and VW. It is calculated thatthe two VW joint ventures will make billion yuan less profit. Insiders point out that, although no one knows who will be next, one thing is certain:driven by the reduction of the Big Three, others will follow from June and it may inv…

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