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China auto price war sees $13,000 cash back incentives on offer

Bloomberg Thursday 9 March 2023 0

Credit: Bloomberg

A price war started by Elon Musk's Tesla Inc. has spread beyond electric cars to gasoline-fueled vehicles as the likes of Peugeot SA's Citroen, Mercedes-Benz Group AG and General Motors Co.'s Chevrolet seek to protect market share.

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