| 20-02-2008 Foton
Motor, China's leading commercial vehicle producer, will continue expand the scale
of production and sales to realise 0.8 million to 1 million units output during
the "Eleventh Five-Year plan" period. If Foton achieved this goal, the
company would keep remaining the first position in Asian commercial vehicle market
and challenge the position of the first global commercial vehicle producer Benz. Foton
Motor released announcement on Febuary 19 2008 that it has made strategy to realise
output 0.8 million to 1 million and to be China's leading motor manufacturer in
first 11th Five-Year Plan, after that Foton is expected to realise output 1.5
million in second 11th Five-Year Plan. In order to achieve this goal, Foton will
focus on international market and passenger car area. Analysts
said as China's leading commercial vehicle producer, Foton must continue expand
its output scale while at the same time pay attantion to the development and exploration
in international market and passenger car area. That might need great devotion
and much endeavor for Foton and also a big challenge. Statistics
showed Foton has made 0.4 million commercial vehicle output in 2007, ranking the
first both in China and Asian market, second after Benz in global market. The
compnany had exported nearly 30,000 units vehicles to overseas market, being first
in domestic industry. Meanwhile, relying on its annually 0.319 millon light truck
output, Foton has won world's sales Champion in 2007. In 2007, Foton realised
net profit RMB 0.38 billion, creating the hightest among company's record. Analysts
predicted along with the continued domestic economic grow and consume acceleration
led by increase of residents per capita disposable income, the passenger car market
future will remain optimistic and keep a robust momentum. Yet affected by the
factors as decreasingly fixed investment in commercial vehicle marketm, the implementation
of National 3 emission standard, domestic commercial vehicle market will be relatively
cooled. Thus, Foton's strategy which focuses on international market and passenger
car market is forward-looking. Once the strategy has been successfully implemented,
Foton will realise readjustment of the industrial structure while keep gain profic
in the market.
Editor:James
Yin from Chinabuses.com
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