Modern import dealers with serious losses demand 900 million yuan in


Hyundai Chinese dealer Wang Rongzhen told Reuters on July 20 that Hyundai has withdrawn its product line-up for imported dealers in China, offering only one model, the Feisi, which is available for sale. Jaines luxury cars and Shengda need to accept reservations.

Hyundai said imported dealers could apply to become dealers of models put into production in Beijing, but Wang Rongzhen pointed out that no imported dealers have been successfully transformed.