CHINA: Shanghai Automotive records nine-month sales surge - report
Shanghai Automotive Industry Corp, China's second largest car maker, said on Tuesday that car sales and output in the first nine months of 2003 had leapt 41.7% as demand surged in the world's fastest-growing saloon market, Reuters reported. The Shanghai-based firm sold and made 419,000 cars from January to September, already overtaking sales of 410,000 throughout the whole of 2002, the report said, putting the the company, an equal partner in China with General Motors and Volkswagen, firmly on track to exceed an annual production goal of 500,000 cars.
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