China Light-vehicle sales rise 21% in September
Automakers sold 1.6 million light vehicles in China in September, up 21 percent from the same period last year, the China Association of Automobile Manufacturers said. The market enjoyed strong demand for SUVs and multipurpose vehicles. Last month, SUV sales surged 65 percent year-on-year to 283,600 units, while MPV sales tripled to 122,900 units.
European vehicle sales are likely to grow in 2014 for the first time in seven years, though unemployment and the lingering impact of sovereign debt problems will limit the extent, a think tank affiliated with Hyundai Motor Group said.
Audi expects that heavy investments to launch new models and to expand production plants will nearly halve its operating profit margin to 6 percent in 2015, a German magazine said.
