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China Auto Rental Slashes Prices and Accuses Competitors of Slander

The car rental company’s CEO responded to negative publicity by lowering car rental rates to as low as 50 Yuan per day, which is about $8 (US).

by Staff

December 18, 2012

1 min to read

According to the Global Times, China Auto Rental CEO Lu Zhengyao announced that prices for rental cars would be available at 50% off for one year in response to negative publicity the company claims it has received from its competitors. Prices from China Auto Rental now reach as low as 50 Yuan, which is about $8 (US).

On the microblogging site Weibo, Lu directed angry comments at the company’s competitors telling them to “back off” and “do not cross the line” following the attacks China Auto Rental received for their 5-year anniversary promotion in September.

China Auto Rental told Global Times that it also plans to report evidence of its competitor’s slander to police.

View the full article from the Global Times by clicking on the URL:
http://www.globaltimes.cn/content/749560.shtml

Related news:China Auto Rental Announces $200 Million Investment Funding

Topics:China China Auto Rental Inc.Rental Rates Pricing Rental Operations

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