UPDATE 1-BYD plans to cut sales staff by 70 pct -media

Newswire

(Adds initial layoff target provided by a BYD executive in 3rd paragraph) BEIJING, Aug 30 (Reuters) - BYD Co Ltd , a Chinese carmaker backed by U.S. billionaire Warren Buffett, plans to cut its sales force by about 70 percent, a Chinese website said on Tuesday, after the company reported a nearly 90 percent drop in first-half earnings. About 1,000 people in BYD's sales arm would be asked to resign initially, with the ultimate goal of cutting the headcount to 800, from 2,600, eeo.com.cn ...

Premium Content (PAID Subscription Required)

"UPDATE 1-BYD plans to cut sales staff by 70 pct -media" 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.
WardsAuto Blogs
Jul 10, 2014
blog

Barra Driving Change at GM

Under CEO Mary Barra, GM is the only one stepping up to change the conversation and fix the long-broken mechanisms for protecting consumers from potentially dangerous vehicle defects and compensating victims....More
Jul 1, 2014
blog

June 2014 U.S. Sales Thread (FINAL): Luxury Vehicles, Large Trucks Boost SAAR to 95-Month High

U.S. automakers dramatically outpaced expectations in June, raising the SAAR to its highest level since July 2006....More
Jul 1, 2014
blog

GM Blues, Sergio Walks the Line, 97-Month Loans

Where do you begin with the telling of these crazy stories?...More

Sponsored Introduction Continue on to (or wait seconds) ×