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Update: Renault offers early retirement to 3,000 workersNov. 24 , 2010
Volkswagen to crack 7 million global sales in 2010Nov. 24 , 2010
Jeep Patriot to enter Chinese market in mid-2011Nov. 23 , 2010
China's luxury car sales will grow 70% in 2010, FAW-VW says
"In recent years, the luxury car segment in China has been growing more than twice as fast as the other segments. If everything goes well, sales of luxury cars should approach 700,000 units in 2010, a year-on-year increase of 70%," said Zhang Xiaojun, executive vice-president of FAW-VW Audi Sales Division. Meanwhile, JD Power & Associates predicted that luxury car sales in China will double by 2015.
Nov. 23 , 2010Dongfeng Liuzhou to enter passenger car market with SUVs Nov. 23 , 2010