Dongfeng Cuts Sales Goal in 2009
09 February 2009
Dongfeng Motor Corp has drastically lowered its sales growth target for 2009 to 6 percent compared with the achieved growth rate of 16 percent in 2008. China's third-largest automaker is expecting to sell 1.4 million vehicles in 2009. In order to attract auto buyers back into showrooms, the government issued a 15 billion Yuan package that included halving the auto purchase tax for cars with engine sizes below 1.6 liters. Despite government efforts to stem the decline, analysts warned that the measures have failed to address the core problem.
But, some smaller Chinese automakers have set more aggressive growth targets for 2009. Great Wall Motor Co and Geely Automobile Holdings Ltd are expecting a nearly 70 percent jump in sales this year.
Source : english.chinabuses.com
Editor : Frederick
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