China's FAW Xiali returns to black in first half

Newswire

SHANGHAI, Aug 27 (Reuters) - China's Tianjin FAW Xiali Automobile Co Ltd , a partner of Japan's Toyota in China, said on Wednesday it bounded back into the black in the first half as car sales surged in a booming market. The company posted net earnings of 352.41 million yuan versus a net loss of 406.51 million yuan in the same period of last year, it said in a statement published on the Shenzhen stock exchange's Web site, www.cninfo.com.cn. FAW Xiali maintains a strategic partnership ...

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