in November and
postponed the maintenance
The inventory was at a▓ reasonable level.But he acknowledged some companies had begun reducing production as sales were declining.According to CAA
work to the end o
M statistics, during the past eleven months, FAW-Volkswagen sold 467,343 automobiles in China and Shanghai Volkswagen 442,937. The growth in sales of both
f the year as the produc
▓ companies was higher than the industry's average.Italy's Fiat and China's▓ Guangzhou Automobile Group will launch a multi-billio
tion lines had been operat
n yuan j▓oint venture to produce Fiat cars in Changsha, Hunan province, it was announced Monday.The work will begin in the second half of 2011.The
in▓g at full capaci
agreement was one of nine signed by the Chinese and Italian s▓ides during President Hu Jintao's state visit to Italy.Hu and ▓Italian Prime Minister Silvio Berlusconi attended the signing ceremony.The other agreements focus on encouraging bilateral cooperation in investment, the high-tech sector, tourism, culture and insurance.Before the signing, Hu held separate meetings with Italian Pre▓sident Giorgio Napolitano and Berlusconi. They met with ▓the press after the talks.Hu expressed satisfaction with talks over development of bilateral ti▓es, especially the progress achieved since
enance period, workers w
the establishment of a strategic partnership in 2004.China's booming automobile market is expected to break the 10-million-unit in sales barrier this year, as
the government's positive measures drive demand and revive consumer confidence, an industry body said yesterday.China Association of Automobile Manufacturers
