China:Ford's China partner sees net profit up 45 percent in first half
Ford's China partner sees net profit up 45 percent in first half
SHANGHAI -- Ford Motor Co.'s Chinese partner, Changan Auto Co. Ltd., said on Thursday it was set to post a 45 percent rise in net profit for the first half of 2006 versus a year earlier.
Changan Auto, China's fourth-largest vehicle maker, posted a net profit of $37 million (294 million yuan) in the first six months of 2005.
The former military-run auto parts supplier expected profits to rise mainly due to higher sales at its joint venture with Ford, it said in a statement filed to the Shenzhen Stock Exchange.
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.
My next Ford.....