[ash]

BEIJING, Sept 20, 2007 (Xinhua via COMTEX) -- GWLLF | charts | news | PowerRating -- Great Wall Motor Company Limited and Geely Holding Group have lowered their target annual sales volume, despite of the currently flourishing market.

The former reduced its annual sales volume to 110,000 from 120,000, due to the postpone of the August production, the insufficient means of domestic transport from January to March, as well as the stagnation in economical sport utility vehicle (SUV) market.

The latter cut its target volume sharply by 21 percent from 240, 000 to 190,000, as its low-emission economical car experienced a gloomy sale.

Geely depreciated its cars to compete with joint venture brands and government's policy had a side effect on the sale of low- emission economical cars.

The two companies are among the few self-brand ones which have lowered their original sales volume.
http://www.tradingmarkets.com/.site/news/Stock News/627112/

 

[nayan]

Low-emission economical cars experiencing gloomy sales for both companies is the main cause of lowering targets! How sad. Even worse, is that government policies are a side effect for this result of shortfall in economical cars!

 

[mememe]

Isn't low emission good for the environment ?

 

[CCF mod]

I'm not suprised. Just check Geely's product lineup, including SMA.

Same goes for GWM. Their only appealing models are Hover and Wingle (but which sale has just started).

 

[mrgq]

I'm not suprised. Just check Geely's product lineup, including SMA.

Same goes for GWM. Their only appealing models are Hover and Wingle (but which sale has just started).

doesnt geely have so many different cars like the CK and the leapord , the only problem is they suck compared to other chinese cars and imports

GWM hasnt released its sedans yet...but hopefully they will be good