From Reuters:
DaimlerChrysler AG’s (DCXGn.DE) partner in China, Chery Automobile Co., said its annual sales would rise to a million automobiles by 2010 from just over 305,000 last year, Xinhua news agency said on Sunday.
…China has set a goal of promoting exports from its fast-growing auto industry into developed markets, including the United States.
Late last year, the company, based in Anhui province, signed a deal with DaimlerChrysler’s Chrysler Group to build small cars under the Chrysler brand for export to global markets. [Full Text]
Another Reuters’ report: “VW Group’s Sales Rose Sharply in 2006,” says”VW said it defended its market leadership in China’s booming passenger car market by increasing sales there 24.3 percent, to 711,000 vehicles. Sales in its South America-South Africa region gained 14.9 percent, to 683,000 units, with deliveries in Brazil alone up 15.1 percent.”
