DAVOS-China's Geely says sees car sales up 25 pct in '09

Newswire

DAVOS, Switzerland, Jan 28 (Reuters) - Chinese car maker Geely Automobile Holdings Ltd is confident it can achieve 25 percent growth in car sales this year, helped in part by government support measures, its chairman said on Wednesday. Beijing unveiled a wide-ranging plan earlier this month to boost the auto industry, including tax breaks for purchases of cars with engine sizes below 1.6 litres and subsidies to owners of high-emission vehicles who trade them in for more fuel-efficient ...

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