China Economic ReviewThe 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 […]
US car-maker General Morors has launched a joint venture to produce a new minivan for the Chinese market, Reuters reported. The venture with SAIC-Wuling is GM's third joint venture in China. It has already started introducing the seven-seater Wuling Sunshine, based on a Wuling chassis with technology from GM's other Chinese ventures. The model is […]
Shanghai Automotive Industry Corp (SAIC) plans to boost sales of car parts in North America to about US$700m in five years, from an estimated US$175m in 2002, said a senior company official. Although this still represents only a small proportion of the company's total revenue, meeting stringent North American quality requirements should improve its competitiveness […]
British car-maker MG Rover said that the collapse of its partnership with China Brilliance Antomotive (CBA) would have little impact on it, the Financial Times said. Although commentators had linked the collaborative development of new models to MG's survival, the company was confident that it could replace its 45 medium saloon without help from CBA. […]