BEIJING — China produced 1.83 million motor vehicles and sold 1.83 million units in 1999, up 12.3% and 14.2%, respectively, from the previous year, state data shows. Passenger cars accounted for about one-third of overall sales for the year. Shanghai Volkswagen Automotive Co. Ltd. holds a 40.0% stake in the market. Government data indicates production of heavy-duty trucks rose 35.2% over 1998, while sales increased 30.3%. Medium-truck production rose by 40.0% over 1998. A recent state ...
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