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BIZCHINA / Center |
FAW-VW sees output, sales soar 45%(Xinhua)
Updated: 2007-07-21 14:58 Sino-German carmaker FAW-Volkswagen saw both its output and sales soar more than 45 percent in the first half of the year, said sources with FAW Group Corp. FAW-Volkswagen, based in northeastern Chinese city of Changchun, produced 231,465 vehicles in the first half, up from 158,871 in the same period of last year. Meanwhile, the joint venture sold 219,494 vehicles, up 46.5 percent, with monthly sales in May and June hitting the front in the domestic market. Sales of the Audi cars made by the company rose 27 percent to 48,716 units in the first six months, while sales of the luxury Audi A6L, the long-wheelbase version of the A6, topped 100,000 over the past 21 months after its market launch. Last week FAW-Volkswagen produced its two millionth car, a Sagitar, becoming China's second sedan producer to reach the milestone after another Sino-German joint venture Shanghai Volkswagen. It took the 16-year-old FAW-Volkswagen 13 years to make its first million cars, and about three years to build the second million. China's first Sino-foreign carmaker Shanghai Volkswagen, established in 1985 between Shanghai Automotive Industry Corp and Volkswagen AG, produced its three millionth car in 2005. |
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