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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (288)	8/11/2003 1:16:44 PM
From: RealMuLan	Respond to of 6370

CHINA: VW executive calls aspects of new vehicle industry policy "stupid and old fashioned" - report 11 Aug 2003 Source: just-auto.com editorial team Aspects of China's proposed new vehicle industry policy were criticised on Monday as "stupid and old-fashioned" by a Volkswagen executive, a news agency report said. The new draft policy's continuation of a requirement that foreign companies maintain separate distribution outlets for imported and locally-produced cars suggests the policy is short-sighted and overly conservative, VW's Asia Pacific president Bernd Leissner told Dow Jones Newswires. The requirement effectively doubles the distribution costs of dealers wishing to sell both imported and locally-produced VW models by requiring separate sales facilities, Dow Jones said. just-auto.com