CHANGCHUN Off-White x Nike Air Presto Virgil Abloh Shoes Black Australia , May 7 (Xinhua) -- China's third-largest carmaker FAW has named a new chair following a similar move by Dongfeng, the number two car company.

The ex-chair of Dongfeng Motor Corp, Xu Ping, has taken over the reins of FAW, according to a statement by the FAW Group on Thursday.

Xu was formally the Communist Party of China secretary of Dongfeng. He will now be Party chief and chair of FAW.

The replacement came after former FAW chair Xu Jianyi was placed under investigation for a serious violation of discipline in March.

On Wednesday Men's Nike Air Presto Fly Just Do It Shoes Black White Orange Australia , Dongfeng announced it would replace Xu Ping with Zhu Yanfeng, former FAW chair and deputy Party secretary of Jilin Province in northeast China.

The leadership shuffle is expected to help the two state-owned companies, which have been hit by corruption scandals and slowing sales, recovers.

With sales of over 3 million vehicles last year, FAW is known for its joint venture with Germany's Volkswagen but is struggling with the development of its own brands.

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SEOUL Womens Nike Air Presto SE Woven Shoes Black Australia , April 23 (Xinhua) -- Hyundai Motor, South Korea's largest car maker, saw its operating profit decline 18.1 percent in the first quarter from a year earlier, regulatory filing showed Thursday.

Operating profit tumbled 18.1 percent from a year earlier to 1. 59 trillion won (1.47 billion U.S. dollars) in the three months ending March 31.

Revenue retreated 3.3 percent from a year earlier to 20.94 trillion won in the first quarter, and net income fell 2.2 percent to 1.98 trillion won during the quarter.


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Rewards in Hiring a Motorbike Incident Lawyer, Why You Really should Chat to a Attorney Following an Vehicle Accident, Why You Ought to Talk to a Law firm Following an Car Incident

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