Latest News:  
Beijing   Sunny    -1 / -10   City Forecast

People's Daily Online>>China Business

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).

Email|Print|Comments(Editor:马茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. 100 new school buses roll out

  2. Cold wave hits Beijing

  3. Christ the Redeemer statue lit up

  4. Hundreds of dolphins stranded on beach

Most Popular

Opinions

  1. Values are thin excuses to start new wars
  2. Li Ning to lower costs, improve effeciency
  3. EU cannot act as sole toll bearer of the skies
  4. Avoiding civil war in Syria
  5. Trade essential for growth
  6. Cadmium pollution cleanup measures safe, effective
  7. Chinese consumers fill big Western shoes abroad
  8. Returned migrant workers refill "empty nests"
  9. Luxury shoppers ring alarm bells
  10. Twitter critics confuse politics with business decision

What's happening in China

100 new school buses roll out

  1. China's largest newborn baby weighs 7.04kg
  2. Li Ning to reduce staff to lower costs
  3. Thumbs down for London cabs
  4. Beijing prioritizes PM2.5 monitoring network
  5. China to stem abuse of gov't-funded seminars

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai