China Economic ReviewHonda Motor of Japan said it has won approval to build a US$193m factory in Guangzhou, its second in China's auto market. The facility, which should start production in the second half of 2004, will build passenger cars exclusively for export to Europe and Asia, outside Japan. Honda will take a 65 per cent stake […]
The central government will invest Yn43m in a project to produce cleaner motor vehicle engines, Xinhua reported. Wang Binggang, chief expert with the National Clean Automobile Taskforce, said that total investment in the project would reach Yn1bn, with motor manufacturers and local governments providing the bulk of the funds. A recent conference in Beijing agreed […]
PSA Peugeot Citroen has called on the Chinese government to merge the thousands of China's small auto component makers to increase quality, the Financial Times said. The French carmaker is concerned that the proliferation of small suppliers has prevented locally produced parts reaching international standards. Peugeot is currently in final negotiations with Dongfeng Motor, China's […]
Greyhound Canada Transportation has signed a co-operation deal with New National Express Group, a company engaged in trans-provincial expressway transportation. The Chinese company would import advanced technologies from Canada, such as a ticketing selling system and a security management network. The agreement will cover the transportation of both tourists and small goods. Bank of China […]
The Asian Development Bank and the Spanish and Italian governments are funding a technical assistance scheme to address worsening traffic problems in Xian, Shaanxi province. The scheme will look at the city's road infrastructure and traffic management in a bid to ease congestion. The creation of 11 satellite towns will take some pressure off the […]