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Ssangyong forecasts rising sales

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Ssangyong Motor Co, a South Korean unit of

China

's biggest auto maker SAIC Motor Corp, expects vehicle sales to rise 3.8 percent this year, helped by a new luxury car in the domestic market.

Ssangyong forecasts to sell 141,800 units this year, compared with the 136,581 it sold in 2007, the auto maker said in a regulatory filing yesterday. It's targeting annual revenue of 3.5 trillion won (US$3.7 billion), 12 percent more than a year earlier.

(Shanghai Daily January 4, 2008)

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