SHANGHAI VOLKSWAGEN TO SEE OFF GENERAL MANAGER CHEN ZHIXIN

AsiaInfo Services, October, 2007

AsiaInfo Services 10-17-2007 Shanghai Volkswagen to See off General Manager Chen Zhixin SHANGHAI, Oct 17, 2007 (SinoCast via COMTEX) -- Chen Zhixin, general manager of Shanghai Volkswagen Automotive Co., Ltd., will leave the Sino-German venture for Shanghai Automotive Industry Corporation (Group) (SAIC) at the end of October 2007. Mr.

Chen was said to take the position of vice executive president in SAIC, an investor of the venture. The final decision whether he will approach this position will be made by the board of directors of SAIC. The management transfer decision was made a month later when the venture returned the top position by monthly sales in August. The venture, which suffered from a large number of unmarketable cars due to slow-growing...

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