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Multinational auto firms perform well in China

(People's Daily)

16:21, February 07, 2012

Edited and translated by People's Daily Online

Multinational auto companies including Toyota Motor, General Motors, Ford Motor, Volkswagen released their reports on performance 2011 in China.

According to the reports, majority of them performed well in China last year and enjoyed a growth rate much higher than the average domestic level in automobile market, with exception to some individual Japanese vehicle companies which had a poor performance in China because of earthquake in Japan.

Dongfeng Motor Company Limited, Nissan’s Chinese joint venture, sold nearly 1.48 million cars in 2011, with a year-on-year increase of 15.8 percent. Among the total sales, commercial vehicles took a less proportion while proportion of passenger vehicles increased by 27 percent compared with 2010.

Volkswagen achieved a sales volume of 2.26 million cars, up 17.7 percent year-on-year. It tops the multinational vehicle companies and its growth rate is 3.4 percent higher than its global level. This is its first time that it has sold more than 2 million cars in China. China has been Volkswagen’s largest single market around the word for three consecutive years, according to announcement made by Volkswagen (China) Investment Co., Ltd.

Domestic automobile market will return to normal growing and achieve an increase of up to eight percent in 2012. The annual sales are expected to exceed 20 million in quantity, said China Association of Automobile Manufacturers (CAAM).


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