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Brilliance signs £¤18 billion strategic cooperation agreement with SPD Bank

SHANGHAI – Brilliance China Automotive Group, China’s 9th largest automaker by sales volume, signed a strategic cooperation agreement with the Shanghai Pudong Development Bank (SPD Bank) here on August 22 where SPD Bank will provide Brilliance ¥18 billion worth of financing. Through the strategic cooperation, SPD Bank will support Brilliance

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SAIC Motor sales increase 8.49 percent in July

SHANGHAI – SAIC Motor sold 454,800 units of passenger and commercial vehicles in July, up 8.49 percent from the same period of the previous year, according to company’s July performance report released recently. Sales of SAIC-GM reached over 143,000 vehicles in the month, a growth of 9.65 percent year over

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32,000,000: Volkswagen JVs reach new production milestones

CHANGCHUN/SHANGHAI – Volkswagen’s joint ventures in China, SAIC-Volkswagen and FAW-Volkswagen, have produced a combined 32 million vehicles since they began operations. SAIC-Volkswagen celebrated the production of its 17 millionth vehicle, a white Škoda Octavia Combi, on August 18, becoming the first passenger vehicle manufacturer to achieve the feat. FAW-Volkswagen produced

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