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FAW Car Co Ltd said first half unaudited net profit was 505.77 mln yuan ($74.16 mln), up about 206 pct from the year-earlier audited result, due to a strong auto market, increased marketing efforts ...
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Shanghai, July 18 (Gasgoo.com) China's Shanghai Automotive Industry Corporation (SAIC) and FAW Group Corporation (FAW) both move forward by leaps and bounds in the latest rankings of 2008 World ...
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Shanghai, July 17 (Gasgoo.com) FAW-Volkswagen (VW) Sales Co. is mulling an adjustment of its executive team again after Hu Yong replaced Su Weiming as the company’s new general manager, ...
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Shanghai, July 15 (Gasgoo.com) FAW VW, a joint venture between the First Automobile Works (FAW) and Volkswagen AG, sold 268,685 vehicles (including export) in China in the first half of this year, up ...
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The pace of sales in the Chinese automobile market slowed in the first half of 2008, but the listed unit of China's second-largest carmaker, First Automobile Works Group, performed strongly, on the ...
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FAW Car Co, a unit of one of China's three largest auto makers, First Automotive Works, estimated on Wednesday that net profit jumped between 200 and 250 percent in the first half of this year.The ...
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Shanghai, July 8 (Gasgoo.com) FAW-Toyota sold 178,000 vehicles in the first half of 2008, up 60% from one year earlier, Dong Xiuhui, sales department director of FAW Toyota Motor Sales Co., released ...
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Toyota Motor Corp., the world's largest automaker by value, will spend 3.6 billion yuan ($524 million) to relocate a factory in China by the first half of 2010 and more than double the plant's ...
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Shanghai, June 27 (Gasgoo.com) With the domestic vehicle purchasing power and auto sales volume declining, FAW Toyota, the joint venture between China’s First Auto Works and Toyota Motor, plans ...
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Shanghai, June 24 (Gasgoo.com) The sales networks of FAW-VW-made cars and the imported VW cars are expected to be merged. Winfried Vahland, CEO of Volkswagen (China), has come to an agreement ...
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Shanghai, June 23 (Gasgoo.com) Besturn dealerships will be extended to over 100 this year from the current around 90 and it is possible for HQ 3 (Hongqi, or Red Flag) to be merged into Besturn sales ...
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Shanghai, June 19 (Gasgoo.com) China's First Auto Works (FAW) aims to sell 50,000 Besturn cars this year, Yu Yang, vice marketing director of FAW Besturn, told the reporters.According to Yu, at least ...
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SHANGHAI -- Corporate marriages are difficult, even under ideal circumstances. But they are particularly difficult for foreign automakers with large state-owned automakers in China.Take Volkswagen ...
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Shanghai. June 13 (Gasgoo.com) FAW Toyota's top executive Dong Haiyang has quit the company recently, Sina reports, citing company sources. The report said no further information is available for the ...
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Changchun FAW-Sihuan Automobile Co Ltd, the parts-making unit of China's second-biggest auto producer, targets an 11% jump in its 2008 sales, according to its statement. The auto parts maker aims to ...
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Shanghai, June 10 (Gasgoo.com) The number of vehicles sold by FAW increased by 28.1% year-on-year (y/y) to 739,183 units in the first five months of 2008, with sales of sedan, medium and heavy ...
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Audi celebrated the 20th anniversary of its partnership with First Automobile Works (FAW) in Changchun on June 6 and laid the cornerstone for a new assembly hall. The company also announced the local ...
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Shanghai, June 6 (Gasgoo.com) Of the top 14 passenger car makers in China, only Guangzhou Honda and FAW Toyota saw their monthly sales increase in May from the previous month, amid the pervasive auto ...
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Shanghai, June 4 (Gasgoo.com) Toyota Motor Corp, Japan's largest auto makers, plans to invest RMB 1.5 billion to boost production capacity of the No. 2 plant of Tianjin FAW Toyota Motor Co Ltd, ...
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BEIJING -- Denso Corp.'s clients in China are predominantly Japanese automakers and their affiliates, but the company wants to attract more business from non-Japanese clients including Chinese ...
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