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"Haval will maintain our determination of expanding our overseas market, and has the confidence in the development of the Russian market," Zhang said.

"Finding a more cost-effective way to deliver the next Focus program in North America is a better plan, allowing us to redeploy the money we save into areas of growth for the company - especially sport utilities, commercial vehicles, performance vehicles as well as mobility, autonomous vehicles and electrified vehicles," said Joe Hinrichs, Ford executive vice president and president of Global Operations in a statement.

"Governments will need to pursue a credible medium-term fiscal plan that relies on improving revenue mobilization -- including through minimizing tax avoidance, greater tax progressivity in some cases, carbon pricing and higher efficiency in spending," they argued.

"Furthermore, we will conduct, in the immediate and near future, in our dealer network, independent audits to ensure compliance with our standards and to improve customer service processes," the statement said, adding that it would see that violations of company standards are punished.

"For an emerging company like us, if we don't invest heavily in R&D, it will be hard to sell our products on the market," Wu said.