--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

GM's Car Sales in China Outpace VW

U.S. car maker General Motors outsold Germany's biggest car maker Volkswagen's main unit in China for the first time in June after the U.S. car maker cut prices.

 

GM sales in China rose around five percent to 24 thousand vehicles in June, a figure that eclipsed Volkswagen in new car sales.

 

The increase meant China became GM's number two market worldwide this year.

 

Analysts says Volkswagen AG, which hacked prices by up to 11.7 percent in June to match an 11 percent cut by its U.S. rival in May, would slash prices further to try to regain a decade-old perch at the top of China's car arena.

 

(CRI.com July 7, 2004)

 

 

 

Volkswagen Cutting Prices to Deal with Fierce Competition
GM to Invest US$3 Billion in China in 3 Years
VW Offers New Car to Maintain Ranking
Volkswagen to Double Auto Production in China
Leading Automaker Sees Record Sales
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