Three domestic auto makers accounted for 48.7% of sales in China last year, a 1.8 percentage-point increase from 2007, a China Association of Automobile Manufacturers (CAAM) report shows. Shanghai Automotive Industry Corp., China First Automobile Works Group Corp. (FAW Group) and Dongfeng Motor Corp. sold a combined 4.57 million vehicles in 2008, the government-controlled Xinhua news agency quotes CAAM as saying. SAIC’s deliveries jumped 10.7% to 1.72 million units. The auto maker’s ...
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