Tianjin FAW Xiali Automobile (000927) said auto sales rose 55 percent year-on-year to 24,800 units in October, reports 163.com, citing a company filing.
Auto sales volume in the first 10 months totaled 196,800 units, an increase of 12.6 percent year-on-year.
Auto production volume in October rose 17 percent year-on-year to 20,600 units, while auto production volume in the first ten months of 2010 rose 16.2 percent year-on-year to 196,400 units.
Tianjin FAW Xiali recorded third quarter operating revenue of 1.75 billion yuan, down 9.13 percent year-on-year while net profit hit 450,000 yuan, down 97.45 percent year-on-year.
