More and more automakers take advantage of China’s booming car market, with both domestic and imported brands enjoying increasing sales. China’s largest commercial vehicles producer, Beiqi Foton Motor Co Ltd, has recently announced that its 2009 net profit tripled, an increase driven by the manufacturer’s hefty growth in the high-end sector of the market, as Gasgoo reports.
To be more specific, the company’s profit for 2009 reached a figure of $152.3 million (for the January-December period),… (read more)