Ford venture boosts China's Changan Auto H1 net

Newswire

SHANGHAI, Aug 22 (Reuters) - Changan Auto Co. Ltd., China's fourth-largest vehicle maker, reported a 48 percent jump in net profit in the first half on Tuesday, helped by brisk sales at its venture with Ford Motor Co. . The auto maker, based in the southwestern city of Chongqing, sold 287,514 vehicles in the period, up 15.76 percent from a year earlier. Sales at the Ford venture, which contributed about half of the total, surged 163 percent. Net profit came to 435.3 million yuan ($54.65 ...

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