March 25, 2010 |
The auto price war is escalating with American Honda Motor Co. offering its biggest lease deal ever, a move analysts said was designed to offset aggressive sales incentives by rival Toyota Motor Corp. What's unusual about this price war is that it is being fought the hardest by Japanese automakers, which historically have resisted using large incentives to sell vehicles. Toyota fired the first volley when it announced a variety of discount financing and special lease deals this month in a move to regain market share in the U.S. after a series of embarrassing recalls.
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.
October 31, 2008 |
One of the nation's largest drugstore chains ratcheted up a price war Thursday, offering deep discounts on generic prescriptions amid national concern about the spiraling cost of healthcare. Drugstore giant CVS Caremark Corp. announced it would sell 90-day supplies of more than 400 medications for $9.99 and offer discounts for cash-paying patients at its in-store medical clinics. The price war was unleashed by Wal-Mart Stores Inc., the country's largest retailer, a few years ago.
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.'