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2 Volkswagen plants to partly suspend production in 皇冠体育app
(Agencies)
Updated: 2008-12-14 16:44 Two Chinese auto plants run by German automaker Volkswagen AG through joint ventures are planning to partly suspend production lines to conduct maintenance work, state television reported Sunday.
The news comes amid a slump in sales of vehicles in 皇冠体育app, the world's second-largest vehicle market after the United States. 皇冠体育app's CCTV said in its midday bulletin that FAW-Volkswagen Automobile Co. plans to suspend part of its production at a plant in Changchun, the capital of Jilin province in northeastern 皇冠体育app, at the end of the year to carry out maintenance. Shanghai Volkswagen Automotive Co. will also suspend work at its production line for half a month from mid-December to early January, the Beijing News Daily reported. The reports did not give details and calls to Volkswagen's office in Beijing and the two joint venture companies rang unanswered Sunday. Volkswagen sold about 910,000 vehicles to customers in 皇冠体育app in 2007. Vehicle sales in 皇冠体育app fell 16 percent in November, a sharp reverse for 皇冠体育app's automakers, which saw sales grow by 18.5 percent in 2007. Global automakers were counting on fast-growing Chinese sales to help drive revenue growth as sales elsewhere weakened. Industry Minister Li Yizhong said Friday Beijing is considering ways to revive sales including cutting taxes, offering low-interest loans or forcing older vehicles off the road. (For more biz stories, please visit Industries)
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