CHANGCHUN — FAW-Volkswagen Automotive Co. Ltd. posts an increase of profits over the first five months of this year. The joint venture, a 50/50 partnership between First Automotive Works and Volkswagen AG, reports profits of RMB600 million (US$72.2 million) between January and the end of May, up 23% from the same period the previous year. Despite what company Vice President Fred Kappler calls “serious challenges,” FAW-VW last year generated pre-tax profits of RMB885 million (US$106 ...

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