China car maker Geely to come up short in 2004

Newswire

SHANGHAI, Nov 22 (Reuters) - Geely Auto expects to fall short of its 2004 sales target by almost 40 percent because efforts to slow China's economy had impacted car demand more than anticipated, the head of the listed firm's parent said on Monday. Li Shufu, one of the country's wealthiest men and chairman of Geely Holding (Group) Co. Ltd., told reporters in Shanghai that the auto maker -- which specialises in low-priced cars -- should move just over a 100,000 cars this year. That's down ...

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