January Sales of Jiangling Motor reach 15,009

(chinatrucks.com, Feb.04, 2010)Jiangling Motors announced that the production and sales in January 2010 have respectively reached 11,001 and 15,009 units on February 3. Amongst, the production of Ford Brand commercial vehicle by 3,726 units, sales by 4,014 units; production of JMC brand by 3,654 units, and the sales by 5,736 units.

About JMCG

Jiangling Motors Group Co. (abbreviated as JMCG) is the key enterprise in China auto industry and also the national export base enterprise for complete vehicle. And in 2005, the sales revenue ranked the 239th in China Top 500 and the 26th in China Top 500 in Machinery Industry.

JMCG with a total asset of RMB 151.83 billion yuan and a net asset of RMB 61.93 billion yuan possesses six assembly manufacturing technology equipment including auto engine, gearbox, body, frame, front axle and rear axle, and has the manufacturing capacity of 290,000 sets per year for complete vehicles. And Jiangling Motors Corporation, Ltd. has the manufacturing capacity of 120,000 sets for engines and 30,000 tons for qualified castings per year. In November 2004, Jiangxi Jiangling Holdings Co., Ltd. with a total investment of RMB 1 billion yuan was co-funded by JMCG and Chang’an Auto taking 50% shares respectively. At present, Jiangxi Jiangling Holdings Co., Ltd. holds 41.03% shareholdings of Jiangling Motors Corporation, Ltd., and Ford Motor Company holds 30%.

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