China's Shanghai Automobile Industry Corporation (SAIC) sold
more than 1.69 million motor vehicles in 2007, a growth of 25.8
percent over the previous year, company sources said on
Wednesday.
The figure placed the Shanghai-based company, which has a joint
venture with Volkswagen of Germany and another with General Motors
of the United States, first among auto makers nationwide.
The Shanghai-listed company's total sales included 1.14 million
passenger vehicles, up 24.3 percent, the sources said.
Last year, Shanghai GM sold more than 500,000 motor vehicles to
remain the country's top passenger vehicle manufacturer. Shanghai
Volkswagen's vehicle sales exceeded 456,000 units, a record
high.
In March, SAIC Motor introduced a luxury model under its own
brand name, Roewe, which recorded sales of more than 16,000 units
in 2007.
Company sources added SAIC Motor also sold 553,000 commercial
vehicles last year, up 29 percent.
(Xinhua News Agency January 9, 2008)
