UPDATE 2-China's Tianjin FAW back in the black in Q1

Newswire

(Adds details, quotes, analyst comments) SHANGHAI, April 28 (Reuters) - China's Tianjin FAW Xiali Automobile Co Ltd said on Monday it moved back into the black in the first quarter of 2003, when car output surged 94.6 percent year on year. FAW Xiali, which has a strategic partnership with Japan's top automaker, Toyota Motor Corp , also reported a 2002 net loss of 790.37 million yuan versus a loss of 95.49 million yuan in 2001, sideswiped by an accelerating price war at home. Based in ...

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