Toyota announced it formed a US$152 million car engine joint venture with First Automotive Works. The 50:50 venture, FAW Toyota Changchun Engine, will be based in Changchun, Jilin Province.... Read more

Volvo announced it formed a US$105 million engine joint venture with China National Heavy Truck Corporation and First Automobile Works. Sweden-based Volvo will hold a 52% stake in the ventur... Read more

China Blue Star Group announced that it has given up its bid to acquire South Korean carmaker Ssangyong Motors. An official at Blue Star, a state-owned chemical group, said the deal fell thr... Read more

General Motors (GM) said its 2003 earnings from China totaled US$437 million, more than triple its earnings from 2002. This is the first time GM has disclosed China earnings data in its SEC... Read more

General Motors (GM) and partner Shanghai Automotive Industry Corp (SAIC) said they agreed to acquire a car factory from South Korea's Daewoo. GM and SAIC will each own 25% of the Shandon... Read more