FAW reduces September production target
FAW Car (000800) reduced the company's September production target to 21,000 vehicles from the previous target of 22,000 in July and August, reports caijing.com.cn, citing an insider from FAW.
The insider said FAW sold 22,000 vehicles in August, up from the 21,000 vehicles sold in July.
The old model of the Mazda 6 sold 9,700 units in August, increasing slightly from the 8,436 units sold in July.
According to FAW’s first half report, auto sales volume exceeded 120,000 vehicles in the first half.
China Automotive Technology and Research Center reported that China’s auto sales grew 15.09 percent month-on-month and 55.72 percent year-on-year to 1.22 million vehicles in August.
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