Chinese market becomes attractive to automakers

• Source: Global Times
• [15:05 August 03 2009]
• Comments

With the exception of China, Germany and Brazil, the production and sales of automobiles in the US, Japan, France, UK, Canada and Russia have declined in the first half of 2009, according to a Xinhua report.

Toyota, GM, Ford, VW, Honda, Nissan, Hyundai, Citroen and Peugeot didn't make profits, only in joint ventures with Chinese companies.

Only 4.8 million vehicles were sold worldwide in the first half of 2009, a 35.1 percent drop from a year earlier.

Agencies and Shi Jierui contributed to this story