SHANGHAI Aug 21 Toyota Motor Corp said
on Thursday it would cut prices of auto parts for its luxury
Lexus models in China by an average 26 percent amid increasing
scrutiny over anti-trust issues by the country's regulators.
The price cut will be effective from Sept. 1 this year,
according to a statement posted on the Lexus website in China.
On Wednesday, China fined Japanese auto parts makers a
record 1.2 billion yuan ($201 million) for manipulating prices
as the government steps up its enforcement of an anti-trust law
that has targeted major corporations and revived protectionism
(1 US dollar = 6.1528 Chinese yuan)
(Reporting by Kazunori Takada; Editing by Adam Jourdan)