Diabytes
Automobile industry in China News
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Volkswagen, Europe`s biggest auto group, on Thursday posted a robust quarterly net profit thanks to growth in China and higher profits at its luxury car divisions Audi and Porsche.
Nissan said Monday that its latest quarterly net profit soared 37 percent to USD1.1 billion, as strong demand in China and other key overseas markets offset weaker sales at home.
The automobile production and sales in China has dropped 4.4 percent in May from April this year, marking the second month-on-month decline in a row in the world's biggest automobile market, an industry group said today.
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