Gasgoo.com (Shanghai August 30) - BYD made a massive employee cutback yesterday, with nearly 70 percent of the staff at its subsidiary sales company being laid off, Economic Observer News reported today. The remainder of staff in that company's sales department will resign by the end of September. Further cuts may be made in the near future.
Sep. 1 , 2011Gasgoo.com (Shanghai August 29) - Despite the withdrawal of government subsidies and shortages in the domestic electric battery market, FAW Toyota's third-generation Prius is still scheduled to be manufactured in China on schedule, the Beijing News reported today. According to sources from within the joint venture, the hybrid version of the Prius will hit the market next year, with the chance that it might carry a lower than expected price tag. There are still no plans to domestically manufacture the plug-in electric style Prius, however.
Aug. 30 , 2011