Great Wall Replaces Three Executives as Sales Slump

China's Great Wall Motor Co. has replaced its heads of purchasing and domestic and international sales after the company reported year-on-year sales declines in five of the past six months, Bloomberg News reports.

Great Wall describes the reassignments as routine and says they are unrelated to the SUV maker's sales performance. The company has not indicated the new assignments for the three executives or identified their replacements.

Last month Great Wall announced another delay in launching its Haval H8 luxury SUV. Great Wall introduced the model at the Guangzhou auto show last November. But it has delayed deliveries twice to fix complaints about the vehicle's brakes, transmission and steering.