China Economic ReviewChina's largest 14 state-owned producers reported combined earnings of Yn18bn in the first half of the year, up 100 per cent from the first half of 2002, according to figures from the State Assets Regulatory and Administration Commission. The top three producers – First Automotive Works (FAW), Dongfeng Motor and Shanghai Automotive Industry Corp (SAIC) […]
Taiwan's Formosa Automobile Corp (FAC) was reported by industry sources to be close to setting up a 200,000 units-a-year car plant in Ningbo, Zhejiang province. FAC was set up in 1998 by Wang Yungching, head of Formosa Plastics and reputedly Taiwan's richest man. He has been considering a number of locations including Hangzhou and Shenyang […]
Volvo has unveiled plans to add two new models to the range it markets in China as part of a drive to increase exports to the country, China Business Week/v said. The models are the limited- edition sports saloon 560R and the newly-upgraded SXO sedan. Earlier this year, Volvo added its XC9O sports utility vehicle […]
US-based ear giant General Motors is planning to invest Yn2bn to double capacity at its joint venture plant in Shanghai, China Daily said. The venture's board had already approved the building of a new factory for open by 2005. GM declined to confirm details the plans until they had been approver by the central government. […]
Volkswagen said it would invest US$6.7bn in China over the next five years to double current output to I .6m vehicles a year. This is twice the amount it had previously said it would invest. The German carmaker and its partner First Automotive Works broke ground last month on a new plant at their existing […]