Toyota's China partner FAW Xiali Q3 back in black

Newswire

SHANGHAI, Oct 30 (Reuters) - China's FAW Xiali engineered a turnaround to race back into the black in the third quarter, buoyed by earnings from a showcase venture with Japan's Toyota Motor Corp , results posted on Thursday showed. But it warned that price cuts in June and September -- a result of cut-throat competition in the world's fastest-growing major car market -- could continue to weigh on the bottom line. Tianjin FAW Xiali Automobile Co Ltd made a net profit of 116.95 million ...

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