BRIEF-Faw Car swings to net loss in 2016, scraps D021 project, plans engine projects

March 31 (Reuters) - Faw Car Co Ltd

* Says it swings to net loss of 954.3 million yuan ($138.48

million) in 2016 versus net profit of 53.0 million yuan year ago

* Says it scraps D021 production project to avoid investment

loss and optimize assets

* Says it plans engine projects with total investment of

357.7 million yuan

Source text in Chinese:;;

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($1 = 6.8912 Chinese yuan renminbi)

(Reporting by Hong Kong newsroom)