China Economic ReviewJapan's Honda Motor plans to invest at least Yn190m to expand annual production capacity at Dongfeng Honda Engine from 120,000 to 300,000 units a year, Bloomberg reported. The increase in production at the joint venture in Guangzhou, Guangdong province, will meet demand from Honda's second plant in China, currently being built in Guangzhou's export zone. […]
A car parts company jointly funded by German car producer Volkswagen AG and two leading Chinese car makers has started operation in Shanghai, People's Daily said. With a total investment of US$96m, Volkswagen Automotive Gearbox (Shanghai) is expected to produce 180,000 units annually, rising to 300,000 by 2005. Its output of MQ200 gearboxes is destined […]
Japanese producers of compressors, the main component used in automobile air conditioning systems, are accelerating their transfer of manufacturing capacity to China, according to a report by Nikkei. Matsushita Electric Industrial is to add a new production line dedicated to making auto compressors at a joint venture in Guangzhou. The line will have a capacity […]
US-based car rental firm Avis has set up a joint venture in Shanghai, China Daily said. Anji Car Rental and Leasing, 50-50 owned by Avis Europe and Shanghai Automotive Industry Sales Corp, will take over the existing fleet of 1,000 vehicles from Shanghai Anji Car Rental and operate it under the Avis brand name. The […]
Ford has started production of its Fiesta compact sedan in Chongqing, becoming the last of the world's major manufacturers to assemble cars in China. The plant will be able to produce 50,000 cars in 2004, although capacity could be later expanded to up to 170,000 cars a year. The plant is part of a joint […]