FAW listing said to be out of reach for some years

State-owned auto giant FAW Group Corporation is very unlikely to reach its goal of whole-group listing in the foreseeable future, an anonymous source told China Daily on Tuesday.

"It is not only unlikely in three years, but also impossible for FAW to make the group-listing happen even in five years," said an official from FAW group, who asked to remain anonymous as the matter is highly confidential and sensitive.

As a parent company, FAW has dozens of branches and sub-companies. More importantly, the divided opinions on the listing issue between FAW's joint ventures such as Volkswagen and Toyota, as well as management changes, are the main challenges, the source said.