China Economic ReviewJapan's largest motor manufacturer, Toyota, is to produce four new Toyota brand models in China through its joint venture with First Automotive Works (FAW). The Land Cruiser and Land Cruiser Prado models will start production later this year at the Tianjin Toyota Motor plant that has been producing the Vios compact since the end last […]
German car maker BMW said it would invest US$481m in its 50-50 joint venture with Brilliance China Automotive Holdings to produce luxury cars for the Chinese market. The money will be used to upgrade and expand Brilliance's production facility in Shenyang, Liaoning province. The firm hopes that BMW 3-Series models will start to roll off […]
Mitsubishi Motors and its principal shareholder DaimlerChrysler are expanding their joint dealerships in China. The two partners plan to open 120 outlets by 2005, three times the current number. They will sell a variety of models, especially DaimlerChrysler minivans and Mitsubishi sport-utility vehicles. Mitsubishi Motors' Japanese rivals are all increasing their dealership presence in China. […]
China's only privately-owned carmaker, Zhejiang Geely Automobiles, has formed a joint venture with Hong Kong-listed Guorun Holdings, South China Morning Post said. Zhejiang Geely Guorun Automobile will produce two models, Merrie Car and Geely Ulion, in Ningbo. Guorun will inject Yn51m in cash and take a 46.8 per cent stake in the venture. Geely will […]
Speaking at the launch of his company's Kunpeng concept car, Philip Murtaugh, head of China operations of General Motors, forecast that overall car sales in China would grow by at least 10 per cent annually for the foreseeable future. For this year he forecast overall growth of 15 per cent, with a 10 to 12 […]