BYD denies allegations that it will halt minivan project

Gasgoo.com (Shanghai May 31) - BYD has denied recent media rumors that it would be halting minivan project to concentrate on developing its dealer network, the Beijing Times reported today.

The rumors were sparked by recent dismissals of over 1,000 company employees, which BYD officials said were part of normal internal restructuring. Sources within the company have also said that many employees have seen reductions to their salaries.