UBS 瑞银证券：汽车业2月销售数据回顾

UBS Investment Research：Chinese auto sector

－FAW VW price cuts; February sales preview

7 March 2007　　７页　英文

􀂄 FAW VW announces price cuts
FAW VW has announced price cuts for all brands except Audi. FAW is the second
largest sedan maker in China, with a market share of 9% in 2006. It offers five
major models, the bulk of unit sales coming from the Jetta. We believe the price
cuts are part of VW's strategy to further recover its market share in China. VW's
two joint ventures in China