Climate Chinage
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SAIC Volkswagen Automotive Co is offering 3.7 billion yuan ($537 million) in cash subsidies for car purchases in China, joining more than 40 brands in slashing prices ahead of a change in emissions rules in the world’s largest auto market. The joint venture between China’s SAIC Motor Corp Ltd (600104.SS) and Germany’s Volkswagen AG (VOWG_p.DE)…
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