Tianjin FAW sales jump 55% in October
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.
Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service:buyer-support@gasgoo.comSeller Service:seller-support@gasgoo.com