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China's SAIC doubles own-brand 09 sales target
SAIC Motor Corp China's biggest carmaker, expects to sell about 90,000 of its own-brand vehicles this year, nearly double its original target, a company executive said on Monday.
The company aimed to sell double that number in 2010, said Chen Hong, speaking to reporters at the Guangzhou Autoshow.
Chen said the company expected to sell 2.65 million vehicles in total this year.
The company, one of General Motor's partners in China, planned to begin producing the MG 6 in the UK by the end of 2010, said Chen.
SAIC has successfully launched a mid-range sedan line, the Roewe, developed on the basis of technologies acquired from defunct British car maker MG rover. From January to June, sales of its own-brand Roewe and MG cars jumped 276 percent to more than 40,000.
The company aimed to sell double that number in 2010, said Chen Hong, speaking to reporters at the Guangzhou Autoshow.
Chen said the company expected to sell 2.65 million vehicles in total this year.
The company, one of General Motor's partners in China, planned to begin producing the MG 6 in the UK by the end of 2010, said Chen.
SAIC has successfully launched a mid-range sedan line, the Roewe, developed on the basis of technologies acquired from defunct British car maker MG rover. From January to June, sales of its own-brand Roewe and MG cars jumped 276 percent to more than 40,000.