China Economic ReviewA 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 […]
The Chinese joint venture of Japanese carmaker Honda, Guangzhou Honda, will invest Yn660m to increase annual capacity from 50,000 units to 120,000 units in spring 2003 and to 240,000 units by the spring of 2004, South China Morning Post said. The additional capacity will be used to make the Fit saloon, which will go on […]
The China unit of US car giant General Motors is buying Yantai Bodyshop Corp in Shandong province for Yn900m to double the production capacity of its cars in China, Shanghai Daily said. GM and Shanghai Automotive Industry Corp Group will each own 25 per cent of the new plant, while their joint venture Shanghai General […]
Liaoning province is to take a controlling stake in Brilliance China Automotive Holdings, Reuters reported. Huachen Automotive Group Holdings, which is wholly owned by the Liaoning provincial government, is to pay US$18.5m to buy a 39.45 per cent stake in Brilliance China from the Chinese Financial Education Development Foundation. The announcement removed the uncertainty that […]