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P.M. BRIEFING : Volkswagen Announces Price Cuts

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From Times wire services

Volkswagen of America, a unit of Volkswagen AG, said today that it is cutting prices on 1990 model Audis and Volkswagens by up to 12.1% on its Jetta models and by an average of 8.3% on Golfs.

It said it will offer no-cost extra equipment on certain models.

It said that Audi price reductions will average 8.2% and that all Audis produced after Sept. 1 will feature driver-side air bags as standard equipment.

Volkswagen said it will trim prices by 10.2% to 16.6% on Vanagons and Campers, and will hold prices at 1989 levels on Fox models. Cabriolet prices will remain at 1989 levels but will include air bags at no added cost.

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