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FAW sold 444,112 units vehicles in the first quarter of 2008

Date:2008-04-14

FAW Group Corp, one of China's largest automakers, said it sold 179,461 vehicles in March, up 37 pct year-on-year.

In a statement, the company said sedan sales for the month stood at 135,969, up 33.7 pct from a year earlier. Sales of medium and heavy-duty trucks rose 58.1 pct to 30,659, with light-duty truck sales up 38.7 pct at 11,884 units.

In the first three months, FAW Group had auto sales growth of 35.4 pct year-on-year at 444,112 units, with sedan sales up 36.5 pct at 368,224. Sales of medium and heavy-duty trucks grew 38.7 pct to 53,222.

FAW VW, its 50-50 sedan joint venture with Volkswagen AG, sold around 144,852 cars in the first quarter, up 48.7 pct from a year earlier.

Its joint venture with Toyota - FAW Toyota - sold 95,000 sedans from January to March, surging 74.4 pct year-on-year.

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