FAW Expands Production Capacity

www.chinabuses.org: Although many challenges exist in the automotive industry now, FAW plans to invest 2.36 billion Yuan (US$344 million) to fund home-developed vehicles. The investment would enable it to have an additional 200,000 vehicles carrying its brand every year by 2012.

According to relevant statistics reported that the net profit of FAW's auto business down 4 percent in the third quarter. China's mainland auto sales drop of 1.4 percent as flagging stock market and weak economic outlook dented purchases.

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