| 16-01-2008 China
First Automotive Works (FAW) Group, one of the country's major automakers, produced
1.47 million motor vehicles last year and sold 1.44 million, company sources said
on Monday. Sales
were 23.2 percent higher than in 2006. The
sales volume included 1.19 million cars, up 23.1 percent, 155,000 heavy-duty and
mid-sized trucks, up 26.6 percent, and 77,000 light trucks, up 18.4 percent. The
sources said last year saw FAW Group sell 620,000 motor vehicles under its own
brands, up 12.8 percent. This total included 28,800 units exported, up 44 percent,
with a value of 387million U.S. dollars, up 100.7 percent. Auto
sales by FAW Group's joint ventures, including one with Germany's Volkswagen and
another with Japan's Toyota, grew 32.4 percent to 816,000 vehicles, or 56.8 percent
of the group's total annual vehicle sales. In
terms of vehicles with foreign brand names, the group sold 366,000 Volkwagen cars,
up 38.7 percent, 92,000 Audi cars, up 19.4percent, and 287,259 Toyota cars, up
28.2 percent.
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