China Economic ReviewFord 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 […]
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 […]
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 […]