Search Results for "FAW"
Photos of Junpai A70, made by Tianjin FAW, one of leading automakers in China, have been reportedly released recently.
Aug. 20 , 2016Personnel adjustment on top managements in FAW Car and FAW Xiali, two listed subsidiaries of FAW Group, one of leading automakers in China, may serve to accelerate regrouping of businesses.
Aug. 18 , 2016FAW Car seems to walk into a cliff edge in the first half of year. Estimated performance for 2016 half-year shows that FAW Car faces a loss of RMB 790m to 850m in the period, decreasing 591.22% to 628.53% compared with the profit of RMB 181m in the same period of last year. In fact, the situation starts long. As early as in 2012, FAW Car received an annual loss of RMB 800m, and the profit decrease turned out to be 468%. Its profit decline in 2014 and 2015 also reached 80% and 60% respectively.
Jul. 27 , 2016Recently, FAW-Volkswagen Automotive is to build a new manufacturing base in Tianjing, which is its fifth plant in China, so as to ramp up production.
May 26 , 2016Compared with March, car market has a sales decline of 12.85% in April, decreasing 2.91% with the same period of last year. In line with the market environment, most models have declining sales volume but Jetta has a slight increase. Lavida faces a 32.6% decrease of 16,700 units, 20 percentage points higher than the average market. Besides, Santana also underperforms the market. Analysts believe the competitive power of Shanghai Volkswagen will be weakened when other main brands are upgrading models.
May 24 , 2016