GAC Changfeng to launch first own-brand model

Guangzhou Automobile Group Company affiliate GAC Changfeng Motor Co. Ltd. (formerly known as Hunan Changfeng Motor Company Ltd.), has outlined preliminary plans to launch its first own-brand sedans under the name, according to China Industry Daily. The sedans, which were not named in the report, are expected to be priced at between 70,000 and 100,000 yuan (US$10,334-US$14,763). The first models will be equipped with 2.0-liter gasoline (petrol) engines. The company also plans to launch racing sedans under the brand in the future. (August 6, 2010)