Changan Auto sees sales to rise around 10 percent in 2015: executive

Thu Nov 20, 2014 3:12am EST
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GUANGZHOU China (Reuters) - Chongqing Changan Automobile Co Ltd (000625.SZ: Quote), the Chinese partner of Ford Motor Co (F.N: Quote), expects sales to reach 2.8 million units next year compared with about 2.55 million units forecast for 2014, its president Zhang Baolin said on Thursday.

Zhang said he expected China's auto market to grow around 6 percent in 2015, a similar pace to this year's growth, he told reporters at the Guangzhou autoshow.

Changan Auto, which also partners with Japanese carmaker Mazda Motor Corp (7261.T: Quote) and French automaker Peugeot SA (PEUP.PA: Quote), sold a total of 2.1 million vehicles during the first 10 months of the year, up 22 percent from a year earlier.

(Reporting by Samuel Shen and Kazunori Takada; Editing by Adam Jourdan)

Chinese Changan cars are parked inside a factory in Chongqing May 21, 2013. Picture taken May 21, 2013. REUTERS/Stringer