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FAW Car reports net deficit in first half of 2012

Gasgoo.com (Shanghai July 31) - In the light of recent accusations of intellectual property infringement by VW, FAW Group has officially released sales figures for its own brand FAW Car. Looking at the figures, the own brand's performance over the first half of the year leaves much to be desired.

Aug. 30 , 2012
STM and FAW open research labAug. 29 , 2012
FAW Car's Besturn B90 makes Chinese market debutAug. 27 , 2012
FAW Car confirms that it is receiving government support, stocks take hit
FAW has not received notification from VW regarding intellectual property theft
FAW Car to invest 4.34b yuan to build new energy automobile factory
June 2012 Sales of Top 10 Automakers: No.6, FAW ToyotaAug. 9 , 2012
VW China has yet to comment on cases of intellectual property infringement by FAW GroupJul. 31 , 2012
FAW Toyota sells over 288000 vehicles in China in the first half of 2011Jul. 31 , 2012
FAW accused of copying parts
FAW begins production of own brand Hongqi H7
Production of FAW Besturn B90 to begin later this July
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