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Volkswagen hikes prices in Japan by up to $1,000

Inflation and material costs drive trend by Mercedes and other foreign carmakers

A production line for the Golf at a Volkswagen plant in Germany. The German automaker plans substantial price hikes in Japan during October.   © Reuters

TOKYO -- Volkswagen joins the list of foreign automakers that are raising prices on vehicles they export to Japan, Nikkei has learned, making a move that domestic players have been hesitant to do amid sluggish consumer spending.

Volkswagen's biggest price hike applies to the Tiguan R, which now sells for 6.89 million yen ($62,000) but will cost 102,000 yen more in October. Fellow German automaker Audi will raise prices on vehicles by as much as 150,000 yen as well.

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