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Gasgoo.com (Shanghai) - With over half of the year already past, the question arises, which automotive manufacturer has achieved the highest net profits so far? A recent report from the Nanfang Daily revealed that JVs affiliated with Ford, VW and other foreign brands have posted net profit rates far higher than those of domestic own brand manufacturers. On average, JVs earned an average of 20,000 RMB for each new vehicle sale made. However, own brands have been benefiting from increased SUV sales, which have allowed them to somewhat catch up with their JV competitors. However, this growing competition has also increased the average cost each vehicle sold in the country.

Dongfeng Peugeot faces a decline in sales volume, the first time in its past three years, in the first half of year. In fact, none of new models has been launched into market by Dongfeng Peugeot in the past 15 months.

The Chinese Government has released guidance on regrouping of leading state-owned automakers in the country recently, serving to improve their efficiency of resource allocation and creativity.