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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: 2 Volkswagen plants to suspend production in China AP - 19 minutes ago BEIJING - 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 huge slump in sales of vehicles in China, the world's second-largest vehicle market after the United States. China'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 China, 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 China in 2007. Vehicle sales in China fell 16 percent in November _ a sharp reverse for China'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. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy 2 Volkswagen plants to suspend production in ChinaAP - 19 minutes ago China to step up bank lending in 2009 amid crisis: governmentAFP - 31 minutes ago China to increase supply of money to boost economyAP - 2 hours 16 minutes ago 'Decoupling' turns to myth as India growth story stumblesAFP - 2 hours 42 minutes ago Related Articles: Business 2 Volkswagen plants to suspend production in ChinaAP - 19 minutes ago S.Korea sets 10.6 pct rise in 2009 total spendingReuters - 28 minutes ago China to step up bank lending in 2009 amid crisis: governmentAFP - 31 minutes ago China to increase supply of money to boost economyAP - 2 hours 16 minutes ago 'Decoupling' turns to myth as India growth story stumblesAFP - 2 hours 42 minutes ago Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed US carmakers mull options as White House vows aid Actress Jennifer Aniston appears naked in GQ magazine Russia crowned Miss World 2008 in African event Rich and powerful top Madoff's fraud victims: report US Treasury ready to stave off auto sector collapse View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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