免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

VW cutting cost by US$500m in China
(Xinhua)
Updated: 2004-08-24 14:26

Last week, Chief Financial Officer Hans-Dieter Poetsch of Volkswagen said that the company would not be able to meet the profit level of last year in China.

"The drop is due to the tough domestic sales environment," explained Yang Qing, a senior PR officer with Volkswagen China. "It is also related to the currency factor."

Industry figures showed that Volkswagen's sales in China dropped slightly in the first half of this year. The company sold about 310,000 cars, down 4.2 percent from a year earlier.

Meanwhile, China's auto market is slowing. China's sedan car sales dropped for three consecutive months in the second quarter of 2004, although sales rebounded slightly in July.

"The losses from foreign-exchange rates also contribute to the drop in profits," said Yang. As some auto parts of Volkswagen are purchased in the international market, with the mounting exchange rates between Chinese RMB and euro, the production costs have been rising.

To retain the profit, Volkswagen has carried out a "ForMotion" project worldwide to promote the cost saving. Part of the plan is cutting costs in China.

Also during the first half, General Motors' mainland operations, Volkswagen's main rival in China, reported the sales of 260,000 vehicles, an increase of 57.6 percent year on year. Being satisfied with the company's operation, Phil Murtaugh, Chairman and CEO of GM China said he is confident of the GM's performance in the second half of the year.

Close