Tianjin FAW Xiali Automobile Co., Ltd. provided earnings guidance for the nine months of 2014. For the period, the company predicts that it would incur CNY 670 million to CNY 730 million net losses compared with CNY 99.30 million losses in the period last year. The company attributes the profit decline to sales decrease of economy cars, production shutdown of some old Xiali products, and fall of incomes from investment in Tianjin FAW Toyota.
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- Tianjin FAW Xiali Automobile Co., Ltd. Provides Earnings Guidance for the Nine Months of 2014