UPDATE 1-China's Jiangling Motors H1 net surges 85 pct

Newswire

(add details) SHANGHAI, Aug 23 (Reuters) - China's Jiangling Motors Co Ltd , of which Ford Motor Co owns nearly 30 percent, said on Friday its first-half net profit surged 85 percent year as sales of its minivans and light trucks hit a record. Lower costs also helped net profit rise to 130 million yuan ($16 million), Jiangling said in a 2002 interim results report. "Our company sold a record 24,968 vehicles in the first half of 2002, a rise of 29.76 percent against the same period of ...

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