China’s Dongfeng Motor expects 12-13 pct sales rise in 2011
“We sold 12.3 percent more vehicles in the first nine
months. And full-year growth will be in the 12-13 percent
range.”China’s once-sizzling auto market slowed down significantly
after Beijing stripped away most of its policy incentives for
the industry at the end of last year.Dongfeng is the parent of its Hong Kong listed subsidiary
Dongfeng Motor Group Co , which operates vehicle
manufacturing ventures with Honda Motor , Nissan Motor
and PSA Peugeot Citroen .
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