March 31 (Reuters) - FAW Car Co Ltd
* Says 2014 net profit down 84.0 percent y/y at 161.3 million yuan ($26.02 million)
* Says plans to invest 1.4 billion yuan in engine project
* Says it and controlling shareholder plan to invest 277 million yuan auto technology upgrade project
* Says board approves to increase financial unit's capital to 1.6 billion yuan from 1.13 billion yuan
Source text in Chinese: http://bit.ly/1GbpH63; http://bit.ly/1G2WrzV; http://bit.ly/1CGVPNU; http://bit.ly/1EY1Ti2
Further company coverage: ($1 = 6.1990 Chinese yuan renminbi) (Reporting by Hong Kong and Singapore newsrooms)