SHANGHAI — Despite efforts to realign its product structure and cut production costs, Shanghai Huizhong Automotive Mfg. Co. Ltd. reportedly sees 1998 earnings fall to US$19.5 million, representing a 13.1% decline. The slide is due to China's economic downturn and increased competition, a company statement says. The company has about US$504 million cash on hand and a net cash position of more than US$129 million after taking total debt of US$370 million into consideration. Company ...

Premium Content (PAID Subscription Required)

"Shanghai automaker deals with debt" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.