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Monday, January 29, 2007

Changan Auto Group: Sales target of 850,000 vehicles in 2007

In the world stage, sales target of 850,000 vehicles is nothing. In fact, all the top ten auto companies in the world sell millions of vehicles annually. However, for a Chinese auto maker 850,000 is a decent number. So, if Changan Auto Group can really get this figure after the year end then its top bosses will be delighted.

Forbes.com reported:

Changan Auto Group, parent of Chongqing Changan Automobile Co Ltd (SZA 000625; SZB 200625), said it has set its 2007 production and sales target at 850,000 vehicles, up about 20 pct from last years levels.

The company said in a statement that its sales revenue rose 43.83 pct in 2006 to 43.2 bln yuan, with auto sales of 708,737 units.

Auto exports of Changan Auto Group, one of China's major automakers and joint venture partner of Ford and Suzuki (other-otc: SZKMF.PK - news - people ), were up 43.3 pct at 21,725 units last year.

Let us see what Changan Auto Group can achieve in the next 11 months.

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