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Aging products and falling behind the market leave FAW Car shadowed under sales slump

Gasgoo.com (Shanghai September 10) - It is not the overall industry recession holding responsibility for FAW sales slump but that the company hasn’t caught up the overall development pace of the auto industry leaving their products growing to be out of date, according to the statement of Cui Dongshu, secretary general of China Passenger Car Association.

Sep. 10 , 2015
Changan, Great Wall, JAC report surging profits in H1, FAW Xiali combats deficitSep. 2 , 2015
FAW Car suffer net profit loss by half in H1 in China, all the models sales slump

Gasgoo.com (Shanghai September 2) - FAW Car has released recently half year fiscal report that revenue dropped 13.39 percent from a year earlier to 13.8 billion yuan in the first half. Net income attributed to the shareholders of listed companies slumped 48 percent.

Sep. 2 , 2015
Toyota promises not to sell damaged cars, FAW Toyota’s Tianjin factory back to production today
Volkswagen to launch the project of budget car, FAW Jilin to seize the opportunity to prosper
New Mazda6 Atenza can save FAW Mazda from sales slump?
FAW-Xiali Automobile sales increase in the first half of the year

FAW-Xiali Automobile turned the sales slide in the previous years into positive growth in the first half of the year in China. However, the growth rate falls far behind that of the general vehicle market in the same period and the company is troubled with huge deficits.

Aug. 6 , 2015
FAW Xiali losing last chance to avoid being delistedJul. 17 , 2015
Sale slump “grants” the FAW-VW employees the longest holiday but a lower salaryJun. 29 , 2015
FAW Volkswagen declines rapidly in May due to bad management
FAW-VW denies stock ratio adjustment plans are completed, states that negotiations are still in progress
The insider: China’s FAW and Dongfeng will exchange their chairmen
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