Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (127)	8/5/2003 12:57:56 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

CHINA: Car makers double half-year profits - report 05 Aug 2003 Source: just-auto.com editorial team China's 14 largest state-owned car makers doubled their profits year on year in the first half to 17.99 billion yuan, the State-owned Assets Supervision and Administration Commission of the State Council said, according to Dow Jones. The three largest car makers, FAW Group Corp., Dong Feng Motor Group, and Shanghai Automotive Industry Corp. (Group) together posted profits of CNY16.75 billion, up 97% on year, the council said, without specifying the type of profits, according to the news agency report. Dow Jones noted that FAW has joint ventures with Volkswagen AG and Toyota Motor Corp., Shanghai Automotive has joint ventures with Volkswagen and General Motors Corp., and Dong Feng has joint ventures with Nissan Motor Co., PSA Peugeot-Citroen, Honda Motor Co., and Kia Motors Corp. just-auto.com