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China FAW Group Jan Auto Sales up 46.9 pct at 166,518 units

21-02-2008

FAW Group Corp, one of China's largest automakers, said it sold 166,518 vehicles in January, a rise of 46.9 pct year-on-year despite severe winter weather.

It said sedan sales rose 58.3 pct to 146,294 units while sales of medium and heavy-duty trucks grew 11.6 pct to 11,263.

The automaker said that FAW VW, its 50-50 sedan joint venture with Volkswagen AG, sold 65,709 cars in January, a surge of 104.8 pct from a year earlier.

Tianjin FAW Toyota Motor (NYSE:TM) , its joint venture with Toyota Motor Corp, sold 34,139 cars last year, up 69.8 pct, it added.


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