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The company's news release said Goller has significant knowledge and experience of China and has demonstrated long-standing dedication and commitment to the market, which are the best prerequisites to take the operations in China to the next level.

The company will reduce production of NV Cargo and Passenger vans from two shifts to one.

The company promised to inspect and replace, if necessary, all defective parts free of charge.

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The company's net profit last year plummeted by 252.88 percent year-on-year, suffering a loss of 6.98 billion yuan.

The company said that between March 20 and April 30 it offered free engine oil to a total of 10,884 assisting medical professionals.

The company's move is considered a response to growing air trade and the booming cross-border e-commerce sector between Europe and eastern China.

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The company inked a licensing agreement with Japanese EA Pharmaceutical Co Ltd on Wednesday, giving it the rights to develop, produce and commercialize EA's new kidney disease treatment medicine, a drug that treats enlargement of one or more of the parathyroid glands caused by end-stage renal impairment and dialysis.

The competition among online retailers will focus on logistics, supply chains and new technologies, Cao said, adding e-commerce players should expand their offline consumption offerings and apply more cutting-edge technologies.

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The company later clarified that its sales included items exempted from an export ban involving the Chinese company.

The company is expected to roll out the first iris-recognition embedded smart vehicle late next year, although there's no timetable yet for a similar launch in China.