| Chongqing
Changan Automobile Co., which makes vehicles in China with Ford Motor Co. and
Suzuki Motor Corp., said Wednesday it expected a 146.32 % jump in third quarter
net profit from a year earlier.
Net profit for the period is estimated
at 533.33 million yuan (67.44 million U.S. dollars) compared with 216.52 million
yuan a year earlier, Shenzhen-listed Changan Auto said in a statement.
Turnover
could rise 36.08 % to 18.23 billion yuan in the third quarter, it said, without
elaborating.
Changan Auto, China's fourth-largest vehicle maker, is scheduled
to release its quarterly results Oct. 28.
Changan has benefited from
Ford's investment of more than 1 billion U.S. dollars in the country since 2003.
China's total vehicle sales rose to 5.17 million in the first nine months, 25
% more than a year earlier, the China Association of Automobile Manufacturers
said Oct 13.
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