China Economic ReviewVolkswagen and Shanghai Automotive Industry Corp are to invest a combined US$278m in a Shanghai plant to make 1.4- and 1.6- litre engines, reported Bloomberg. Operations in the 180,000-units-a-year capacity plant should begin in 2005 and annual production could be expanded to 300,000 engines. The equity shares in the new company were said to be […]
Toyota plans to start making about 300,000 passenger car engines a year in a US$270m Guangzhou-based factory, said Nikkei. The engines, to be made in the 70 per cent foreign- owned venture with Guangzhou Automobile, will be shipped to Toyota car assem- bly plants in Taiwan, Thailand and Japan from 2005. The plant will produce […]
US car giant Ford said it would increase its investment in China by US$1bn to US$1.5bn over the next few years to expand output seven-fold in the world's fastest-growing car market. It aims to increase its China production capacity to 150,000 cars a year from its current level of just 20,000. Investment plans at its […]
mini-car design from a unit of General Motors. SAIC is GM's main China joint venture partner in a rapidly expanding market, reported the Financial Times. The sale could open the way for legal action against Chery, whose vehicle looks similar to a GM mini car called the Matiz, produced by the South Korean-based GM Daewoo […]
Brilliance China Automotive Holdings, China's largest minibus maker, is issuing US$170 million in convertible bonds with the help of Citigroup, which handled a recent share placement by the firm. Brilliance recently started producing sedans in China under a joint venture with BMW.