--- SEARCH ---
Chinese Women
Film in China
War on Poverty
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Manufacturers, Exporters, Wholesalers - Global trade starts here.
VW, GM Auto Sales Climb in China

General Motors Corp. (GM), the world's top automaker, and one of Volkswagen (VW) AG's ventures posted sales rises in China on Friday, but analysts were sceptical of a return to rapid growth in the world's third-largest vehicle market.


GM said its four Chinese ventures sold 247,232 units in the first five months, up 12.4 percent from the same period of last year, with just over a third of that coming from its flagship facility in Shanghai.


The smaller of VW's two Chinese auto-making joint ventures posted a 22 percent increase in vehicle sales in May from April, a sign that sharp discounts might be luring buyers back into showrooms.


FAW-Volkswagen, the German firm's 50-50 tie-up with First Automotive Works, moved 23,000 vehicles last month, compared with 18,900 in April. VW counts China as its largest market outside Germany.


Analysts and industry executives expect car sales in China to grow 10 to 15 percent this year — well off a near-doubling in 2003, when growing numbers of newly rich Chinese got behind the wheel for the first time.


Executives at VW's other Chinese plant, based across town from GM's Shanghai facility, declined to comment on sales, which State media said hit 22,800 vehicles in May.


The pace of growth in the country's car market began slowing in the middle of last year after the government stepped up curbs on easy car loans and implemented measures to cool a racing economy.


(Shenzhen Daily June 8, 2005)


VW Joint Ventures to Cut Costs by 3 Billion Yuan
GM to Build US$387m Engine Factory
VW Planning Engine Partnership
Volkswagen Denies Losses Assessment
Volkswagen Revamps Business in China
General Motors Closes in on Leader Volkswagen
Carmaker to Cut Costs by Using Local Components
VW Pledges Recovery in Sales
Volkswagen's China JV to Launch New Audi A6
GM Cuts Car Prices amid Accelerating Price War
VW, GM Continue to Lead Chinese Market
Car Market Competition Moves up to Luxury Brands
GM to Launch New Models
GM China Sales Up on Better Performance
Print This Page
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688