Dongfeng Motor Eyes '09 Sales of 1.4mln Units

Shanghai, January 22, 2009: (Gasgoo.com) Dongfeng Motor Corp has set a target to sell 1.4 million vehicles this year, against 1.32 million units in 2008, the official Xinhua News Agency reported today.

The growth rate of 6.06% appears very conservative compared with a 16.12 percent expansion last year, as a slowing economy crimps demand.

It is also expecting sales revenue of 200 billion yuan ($29.24 billion) for 2009, up from 196.9 billion yuan in 2008, the report said.

Dongfeng Motor posted sales of 1.32 million vehicles in 2008, up 16.12% year on year. The growth rate was 2.4 times the industry average and made it the fastest growing automaker on China's top ten auto sales list last year.

Its sales of passenger vehicles were 943,600 units last year, up 18.08% y/y, while sales of commercial vehicles rose 11.48% to 377,000 units.

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