Dongfeng Motor 2012 profit down 13 pct on weak Japanese car sales

Newswire

HONG KONG, March 27 (Reuters) - Dongfeng Motor Group , China's second-largest automaker, posted a 13 percent fall in 2012 profit, its biggest drop since 2005 due to sluggish sales of Japanese cars made at its China ventures following the outbreak of a territorial row between the two countries. Dongfeng, which counts Nissan Motor Co and Honda Motor Co among its partners, earned 9.1 billion yuan in net profit last year, down from 10.5 billion yuan a year earlier and compared ...

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