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Old 09-14-2006, 12:59 AM   #27
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Thumbs up Geely sales up

The mainland's largest private auto maker Geely saw sales of its two joint ventures rise by 19.8 % year-on-year to 12,333 units in August.

"The sales beat management's estimate, because we previously thought August was a traditionally off-season for auto sales," said a spokesman yesterday.

From January to August, sales surged 48.4 % to 112,600 units, realizing 62.6 % of Geely's full-year target of 180,000.

"It took Japan 40 years to become a great automotive nation. It took South Korea 20 years. I think it will take China as little as 10 to 15 years."

Giorgetto Giugiaro
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