China's Brilliance slashes sales targets for 2004


HONG KONG, Sept 23 (Reuters) - Brilliance China Automotive Holdings Ltd , China's largest minibus maker and the mainland joint venture partner of Germany's BMW AG , on Thursday slashed its unit sales targets for 2004 amid a sharp slowdown in the growth of the Chinese auto sector. The company said it expects to sell 71,000 minibuses this year, 14 percent below its earlier target of 83,000. It said it expects to sell "more than" 10,000 China-made BMWs, after earlier setting a target of ...

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