China Economic ReviewChinese fuel injector firm Wuxi Weifu said it was entering into a JV with German engineering firm Robert Bosch Corp to make diesel nozzles for car and truck engines. Bosch will pay RMB 5.94 billion (US$717 million) for a 67 percent stake in the Wuxi-based venture according to the Chinese partner. Bosch is the strategic […]
General Motors Corp, Ford Motor Corp and DaimlerChrysler AG clinched trade agreements with China that permit them to export of vehicles to China. General Motors signed agreements totaling around US$1.3 billion which will allow GM to export thousands of vehicles to China in 2004 and 2005. The deals cover arrangements for exporting Buicks, Cadillacs and […]
Mitsubishi Corp will work with the Shanghai municipal government to increase investment and business in Shanghai by Japanese firms, Japanese media reported. Mitsubishi will focus on connecting Japanese companies with Shanghai's information technology sector in particular. Mitsubishi will provide the Japanese companies with investment proposals for both city projects and local parts manufacturing, the Nihon […]
Changan Automobile, one of China's top carmakers, announced plans to list on the Hong Kong H-share market and possibly elsewhere to raise funds for further expansion. The company raised RMB 1.3 billion in A-share and B-share listings in 1996 and 1997 and plans to complete an overseas listing next year. Changan, based in Chongqing, Sichuan […]
Honda is recalling nearly 652,000 sedans, minivans and sport utility vehicles (SUVs) in China because of a defect that allows drivers to remove the key from the ignition when the vehicle isn't in park. The National Highway Safety Administration has recorded four injuries, 28 crashes and 169 complaints related to the defect. In July, Honda […]