UPDATE 2-China's Jiangling Motors net jumps on record sales

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 light trucks and minivans hit a record. The introduction of a new pickup and lower costs also helped net profit rise to 130 million yuan ($16 million), Jiangling said in a 2002 interim results report. It forecast second-half revenue at 1.9-2.0 billion yuan, versus 2.02 billion yuan in ...

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