Brilliance sees loss in 2009 due to sedan business
Brilliance China Automotive Holdings said it expected to record a substantial loss for 2009 due to a one-time loss on the sale of the Zhonghua sedan business.
Brilliance, a joint venture partner of BMW , said it incurred certain write-off and operational losses from the Zhonghua sedan business because the sales volume of Zhonghua sedans did not reach the break-even level due to a change in product mix.
It gave no further financial details.