Geely Auto to increase sales by 25% in 2009

Shanghai, December 17 (Gasgoo.com) Chinese automaker Geely Auto Holdings Group said it would meet its annual sales target this year and would not cut production or target, though many carmakers in China had lowered their initial sales target.

Xinkuai Bao quoted Geely spokesman Chen Fangmin as saying that Geely would have its capacity and sales increase by 25% above and jobs grow by 5% in 2009 compared to this year.

It's doubtful whether the independent Chinese automaker is "making a show" amid the current economic turmoil. However, Chen said Geely now was taking large-scale recruitment in accordance with its 2009 target.

Geely Auto is carrying out a sweeping reform by streamlining its administration and slimming down the workforce to improve efficiency and productivity to confront with the financial crisis. The carmaker has cut its 22 administrative divisions to 15, reduced 25 tier-1 companies to 19, and has disbanded five tier-2 companies.