Toyota's China partner back in the black in Q2

Newswire

SHANGHAI, Aug 27 (Reuters) - Toyota Motor Co.'s main Chinese partner posted a 50 percent jump in second-quarter earnings as car sales leapt two-thirds in the first half and margins firmed despite high steel costs and price cuts. FAW Xiali Automobile Ltd. , which makes Toyota's Vios and Corolla sedans, reversed a first-quarter loss to record a net profit of 92.68 million yuan ($11.44 million) from April to June, versus 61.7 million yuan a year ago, according to Reuters' calculations using ...

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