BEIJING — FAW Car Co. Ltd. says it has posted double digit sales growth in the first half of the year. The automaker reports a net profit of RMB259.16 million (US$31 million) on total sales of RMB1.89 billion (US$228 million) from January-June, up 19.8% and 1.5%, respectively, from like-1999. FAW says increased sales, cost reductions and adjustments to its product mix are the reasons for the profit growth. The automaker says it sold 8,483 Hongqi (Red Flag) cars between January and June, ...
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