China’s car sales may be stagnating on the whole this year amid a rough stretch for the country’s economy, but Fuyao Glass Industry, one of Asia’s largest automobile glass, said on Sunday its first-half profit increased by 16% as it won new business from BMW, Land Rover, Volkswagen and GM, improved its profit margins, and paid less tax compared with a year ago.Read more at: www.forbes.com/sites/russellflannery/2015/08/23/gm-helps-china-auto-glass-billionaires-1st-half-son-becomes-vice-chairman/
China’s car sales may be stagnating on the whole this year amid a rough stretch for the country’s economy, but Fuyao Glass Industry, one of Asia’s largest automobile glass, said on Sunday its first-half profit increased by 16% as it won new business from BMW, Land Rover, Volkswagen and GM, improved its profit margins, and paid less tax compared with a year ago.
Read more at: www.forbes.com/sites/russellflannery/2015/08/23/gm-helps-china-auto-glass-billionaires-1st-half-son-becomes-vice-chairman/