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s to exce▓ed an expected 13 million

>>> Posted by Admin | December 01, 2012 | 01 Commnets

nger Car Association. Statistics from the China A▓ssociation of Automobile Manufacturers (CAAM) show▓ that the smaller cars, with engine capacity of, or less than, 1.6 liters, contributed 85 pe▓rcent of the sales increase in the domestic auto market. Most of the best-selling cars in China are smaller cars. The association estimated that the stimulus measures boosted

the sales of smaller cars by 2.6 million units this year. Because of the favorable policy, sales of the battery and electric car pionee▓r BYD in the first 11 months surged 150.2 percent to 388,246 units. About two-thirds of the car sales were of the F3 m▓odel, a compact sedan that topped

China's best-selling car list for seven months, with monthly sales surpassing 30,▓000 units, nearly double the figure for last year. According to CAAM, China's auto production and sales almost doubled from figure▓s a year ago to reach 1.39 million and 1.34 million units respectively in November. Overall▓ auto sales topped 12.23 million units in the first 11 months, up 42.39 percent from the same period last year. (Source: China Daily)FAW Car Co reported a slower-than-industry-average profit and sales growth in the first half of this year, as it failed to benefit from the government incentives for small cars due to its line u▓p of medium-to-high-end models. In a statement to the Shenzhen Stock Exc

hange, the automaker said its net p▓rofit in the first half of the year rose 5.83 percent to 535.28 million yuan, up from 505.77 million yuan a year earlier. Revenue rose 1▓1.51 percent year-on-year to 11.63 billion yuan, from 10.▓43 billion yuan, while operating profit and total profit f

ell 10.▓79 and 10.93 percent. The Chang

surpass the US as the wo▓rld's big

>>> Posted by Admin | December 01, 2012 | 01 Commnets

chun-based company said fierce competition in the domestic automobile▓ market and its product line-up affected profits. "As the Western automobile markets have ▓been shrinking amid the financial crisis, foreign automakers all shifted their focus and investment to China, which increased competition," said the company. "As a medium-to-high-end sedan provider, FAW coul

d not benefit from the government policies which are mainly for small cars with engine▓ capacity of less than 1.6 liter. This also resulted in slower profit growth," the company said. During the first six months, the company sold 75,315 vehicles, including Besturn, Hongqi, Mazda 6 and W

agon vehicles, up 27.6 percent▓ over la