亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线

Home / English Column / Business (new) / In Industry / Auto Tools: Save | Print | E-mail | Most Read
Beijing Hyundai Faces Fraud Claim
Adjust font size:

Beijing Hyundai, the joint venture between South Korea's biggest carmaker and Beijing Automotive Industry Corp, was yesterday sued by 68 buyers of its Accent subcompact cars for alleged price fraud.

The owners, from 20 provinces, municipalities and autonomous regions, jointly filed a lawsuit against the joint venture at Beijing's Shunyi District People's Court.

They claimed that Beijing Hyundai cheated them when it slashed the prices of the Accent in July. This came just four months after the Accent's launch, when it pledged it would not cut its prices for at least two-and-a-half years, claimed the plaintiff's attorney, Ding Runqiang.

Beijing Hyundai launched three versions of the 1.4-litre Accent on March 16, retailing at 79,800 yuan (US$9,980), 87,800 yuan (US$10,980) and 102,800 yuan (US$12,850). At the time, in an interview with popular Chinese Internet portal Sohu.com.cn, company President Noh Jae-man said the prices of the Accent would not change "for at least two-and-a-half years."

However, on July 7, the company cut the prices of the two most expensive versions of the Accent by 8,000 yuan (US$1,000).

"These customers bought these cars just because of the company's price promise. Therefore, they were cheated by Beijing Hyundai and suffered losses," Ding, from Beijing Jiayou Law Firm, told China Daily.

The plaintiffs are demanding a public apology and 8,000 yuan (US$1,000) each in compensation from Beijing Hyundai.

Jin You, a Beijing-based organizer of the Accent owners, told China Daily: "We would not have bought the Accent had Beijing Hyundai not made this promise."

However, Beijing Hyundai denied the accusation of fraud.

The court will decide within the week whether to accept the lawsuit.

"We will sue it (Beijing Hyundai) at the Beijing No 2 Intermediate People's Court if the court in Shunyi does not accept our lawsuit or we lose the case," Jin said.

Analysts said Beijing Hyundai had to cut the prices of the Accent due to intense competition.

Hua Xue, chief executive officer of cheshi.com.cn, a Beijing-based website conducting on-line car sales nationwide, said: "The launch prices of the Accent were higher than customers' expectations. It couldn't help but slash the prices in order to deal with competition from rivals, despite having made this promise."

The Accent competes in a segment where customers are very sensitive about prices, going head-to-head with models such as Volkswagen's Polo, the Chevrolet Lova and the Honda Fit.

Hua added that Beijing Hyundai also had to cut the prices in an effort to achieve its ambitious 2006 sales target.

The company announced at the beginning of this year that it aimed to sell 300,000 vehicles in 2006, up from last year's 230,000 units.

In the first seven months of 2006, Beijing Hyundai's sales grew 19 percent year-on-year to 157,100 units, ranking fifth in China's passenger vehicle market.

It sold 13,400 Accents by the end of July, a figure that fell far short of Beijing Hyundai's expectations, according to analysts.

The company, which has facilities in Shunyi District, also produces the Elantra compact sedan, the Sonata NF mid-sized sedan and Tucson sport utility vehicles.

Jia Xinguang, from the China Association of Automobile Manufacturers, said: "The lawsuit will tarnish Beijing Hyundai's reputation. It is likely to have a negative impact on its sales for at least one year."

"This is a major lesson other automakers should learn," Jia said.

Established in 2002, Beijing Hyundai, plans to double its production capacity with the construction of a new factory capable of turning out 300,000 vehicles a year

It plans to boost annual sales to more than 600,000 vehicles by 2010.

(China Daily August 9, 2006)

Tools: Save | Print | E-mail | Most Read

Related Stories
Hyundai Plans 'Green' Cars
Hyundai Bus, Truck JV Slated for 2007
Hyundai Basks in Chinese Success
Hyundai to Set up Anhui Venture
Hyundai Motors to Introduce Tucson SUV in China
?
SiteMap | About Us | RSS | Newsletter | Feedback
SEARCH THIS SITE
Copyright ? China.org.cn. All Rights Reserved ????E-mail: webmaster@china.org.cn Tel: 86-10-88828000 京ICP證 040089號(hào)
    1. <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>
      <thead id="556nl"></thead>

      1. <em id="556nl"><tt id="556nl"></tt></em>
        <ul id="556nl"><kbd id="556nl"><form id="556nl"></form></kbd></ul>

        <ul id="556nl"><small id="556nl"></small></ul>
        1. <thead id="556nl"></thead>

          亚洲人成网站18禁止中文字幕,国产毛片视频在线看,韩国18禁无码免费网站,国产一级无码视频,偷拍精品视频一区二区三区,国产亚洲成年网址在线观看,国产一区av在线 人妻无码久久影视 日韩久久久久久久久久久久 精品国产香蕉伊思人在线 无码国产手机在线a√片无灬 91在线视频无码