Tag Archives: Beijing auto show

Volkswagen Group To Build New Plant in Urumqi China

Posted on 23 April 2012 by Ken Zino

The Volkswagen Group and China First Automobile Group Corp (FAW) also agreed on plans to extend the FAW-Volkswagen joint venture originally set up in 1991 by another 25 years. In 2011, market leader General Motor’s China sales were at 2.55 million and Volkswagen Group was second at 2.26 million. Continue reading →

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Auto Dealer Profits Dropping in China

Posted on 22 April 2012 by Ken Zino

The Chinese auto market only grew by 5% during 2011, by far the lowest growth rate of the 21st century, as the communist central government deliberately slowed the economy in an attempt to fight inflation. Still, 2012 is forecast to result in sales approaching 20 million vehicles – 6 or 7 million more than the projected United States light vehicle market. Continue reading →

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