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Chinese carmaker plans to buck downward trend


Geely Automobile makes bold sales growth forecast in declining market.

Chinese carmaker, Geely Automobile, says new models will help it lift its sales by 25 percent this year, despite a shrinking domestic market and the global economic downturn.

The outfit, the only non-foreign-linker auto manufacturer in China, will draw on government-backed incentives to help it achieve the goal.

Geely plans to sell 281,000 vehicles this year, compared with about 225,000 in 2008.

Geely sells car under the Eagle, Imperial and TX nameplates, and plans to add eight new models to its product range this year. It exports about 60 percent of the vehicles it builds.

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