China Jan car sales plunge due to holiday break
General Motor and Volkswagen AG's car ventures in Shanghai both reported a rare annual decline for sales in January.
Nissan Motor and Dongfeng Motor's joint venture, which vastly outperformed the market in 2011, ended the month with a 20.4 percent fall from a year ago.
Major Chinese auto groups SAIC Motor and Dongfeng, which rely heavily on their foreign partners to dress up balance sheets also suffered.
Dongfeng's January car sales plunged 19.4 percent from a year earlier, while sales of SAIC, GM and Volkswagen's China partner dropped 8.5 percent.
Mazda, a small player in China, however, sold 22,740 cars in the country, up 14 percent.
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