Chongqing Changan Automobile Co., which makes vehicles in China with Ford Motor Co. and Suzuki Motor Corp., said it expected a 146.32 percent jump in third quarter net profit from a year earlier.

Net profit for the period is estimated at 533.33 million Yuan (67.44 million U.S. dollars) compared with 216.52 million Yuan a year earlier, Shenzhen-listed Changan Auto said in a statement.

Turnover could rise 36.08 percent to 18.23 billion Yuan in the third quarter.

Changan Auto, China's fourth-largest vehicle maker, is scheduled to release its quarterly results Oct. 28.

In a separate statement, Changan said a previously-announced recall of 52,838 Focus sedans by Changan Ford Mazda Automobile, its tie-up with Mazda Motor Corp. and Ford, will cost 28.68 million Yuan. It did not say how the cost will be shared.

The mid-range Focus is the venture's best-selling car model.

Changan has benefited from Ford's investment of more than 1 billion U.S. dollars in the country since 2003. China's total vehicle sales rose to 5.17 million in the first nine months, 25 percent more than a year earlier, the China Association of Automobile Manufacturers said Oct. 13.

Source:佚名