Caixin
Dec 01, 2016 05:58 PM
BUSINESS

Audi Scraps Plans for New China Dealer Network

(Beijing) — German luxury-car maker Audi said it will suspend talks on a new sales license for SAIC Motor Corp., its second partner in China, after existing dealers complained that many were already losing money as the brand's growth stalls.

Audi China announced the decision on Thursday after meeting with representatives from its 431 dealers nationwide, all of which sell cars manufactured by a joint venture between Audi and its original Chinese partner, FAW Group Corp.

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