FAW Car Co., a unit of one of China’s three largest auto makers, First Automotive Works, said Thursday its net profit rose 49.8 percent to 1.6 billion yuan (234 million U.S. dollars) in 2009 from a year earlier, fueled by strong sales.
Business revenue was up 37 percent year on year to 27.7 billion yuan in [...]
China FAW Group Corp has set its sales target for 2010 at more than 2.3 million units, an increase of 18.3 percent from a year earlier, an executive said Sunday.
Jin Yi, FAW Group’s deputy general manager, told the 2010 purchase convention that the nation’s No 2 carmaker also targets a sales revenue of 290 billion [...]
China Faw Group Corp. has set its sales target for 2010 at more than 2.3 million units, an increase of 18.3 percent from a year earlier, an executive said Sunday.
Jin Yi, Faw Group’s deputy general manager, told the 2010 purchase convention that the nation’s No. 2 carmaker also targets a sales revenue of 290 billion [...]
German auto icon has held China’s top spot for more than two decades
German auto giant Volkswagen AG posted a 36.7 percent surge in 2009 China sales to maintain the top position it has held for more than 20 consecutive years.
Tags: automaker, car-maker, China Auto, FAW, General-Motors, SAIC, Volkswagen
Magotan, the flagship vehicle from FAW-Volkswagen, has seen sales grow steadily every month since April in the most competitive car segment in China.
The company has already met its full-year sales goal for the Magotan.
Experts believe that the Magotan’s popularity is a result of its advanced powertrain using VW’s advanced TSI engine and DSG transmission package [...]
China’s prosperous auto revolution will influence the look, design and type of car everyone will be driving in the not-so-distant future.
The world’s largest market has always determined the type of vehicles we drove and for more than 50 years America was king of the road.
Industry veterans recall those happy days of glistening chrome, winged chariots [...]
