BEIJING — Beijing Automotive Industry Corp. says it stopped losing money in 1999 and posted a profit of RMB7.08 million (US$855,072). The automaker, however, may be scrapping plans to build and sell the Renault Megane Scenic multi-purpose vehicle (MPV). BAIC previously chose Renault SA as its overseas partner to co-produce advanced small-passenger vehicles, aiming to diversify its product mix and enhance value-added production. The joint venture initially produced 130 vehicles, primarily ...
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