October 25, 2013 |
Houston, we have a price war. Audi announced Thursday that its all-new 2015 A3 sedan will start at $30,795 when it goes on sale next spring. That's only a hiccup less than the $30,825 base price of Mercedes' recently launched CLA sedan. Both include destination. These models represent uncharted territory for the two luxury brands in the U.S. The CLA is an all-new model for Mercedes, while the A3 was previously sold in the U.S. as a hatchback. PHOTOS: Audi's 2015 A3 sedan With the Audi A4 and Mercedes C-Class growing in size and price, both brands had a hole in their lineup that was crucial to fill with an entry-level model aimed at younger buyers.
May 18, 1999 |
A price war among the three biggest online booksellers broke out Monday when Amazon.com announced 50% off all New York Times best-sellers, and Barnesandnoble.com and Borders.com immediately matched the discount. The deep discounts will mean the companies will make little or no profit on the books, but the offer could stimulate sales of other more lucrative products as customers browse through the Web sites.
September 2, 2009 |
A price war between Southern California's big supermarket chains is heating up. The region's big grocers, already having trimmed prices for much of the year, are gearing up for a new round as they seek to win back budget-minded customers who have migrated to discounters such as Wal-Mart Stores Inc. and Target Corp. Vons will announce Wednesday that it is lowering the prices of about 5,000 items -- about 15% of the store -- at its 274 stores in the region. Ralphs is also launching what it calls a "significant" reduction in produce prices and other often-purchased goods.
November 9, 1985 |
Saudi Arabian Oil Minister Ahmed Zaki Yamani, in an interview published Friday, predicted that a global price war may erupt next year that could cause the cost of crude oil to drop by as much as $10 a barrel. Yamani told the International Herald Tribune that a price war could be averted if producers around the world restrain production before an expected seasonal drop in demand next spring or summer. But he said non-OPEC producers did not seem ready for such cooperation.
January 27, 1995 |
Chrysler Corp. raised the stakes in a growing minivan price war Thursday, offering rebates of up to $1,000 on some of its better-equipped 1995 models. The incentives are the first Chrysler has offered on its popular long-wheelbase 1995 Dodge Grand Caravan, Plymouth Grand Voyager and Chrysler Town & Country models. It also increased most rebates on short-wheelbase models, which were previously set at $500. Chrysler's move follows Ford Motor Co.'
February 18, 1994 |
A price war may be brewing in ready-to-drink iced tea, even though it is still winter, with market leader Snapple's stock falling Thursday on talk of price cuts from Lipton, its nearest competitor. Snapple Beverage Corp.'s stock slipped $2.75 to $28 in Nasdaq trading after an analyst voiced concerns about competitive pricing. Iced teas account for about 55% of Snapple's sales.