China Economic ReviewGreyhound 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 […]
Sales of domestically-made passenger cars reached 573,400 units in the period from January to July 2002, 40 per cent higher year-on-year, according to a report by the China National Automotive Industry Consulting and Development Corp. Shanghai Volkswagen achieved the highest sales volume, with 25.7 per cent of the domestic market for sedans, while the highest […]
Nissan Motor, Japan's third largest car maker, has signed a US$1bn, 50:50 joint venture with Dongfeng Automobile in Hubei province. By 2006, Dongfeng Motor hopes to sell 200,000 Nissan-branded cars and 330,000 Dongfeng-branded commercial vehicles. According to Nissan's president and chief executive, Carlos Ghosn, the partnership will help turn Dongfeng into a globally competitive automaker […]
Japan's largest vehicle maker, Toyota, and First Automobile Works of Changchun, Jilin province, announced that they had signed a deal to collaborate on the production of luxury sedans, mini-vehicles and sports utility vehicles in China. The joint venture would aim for production and sales of up to 400,000 vehicles a year by 2010. The two […]
The failure by Brilliance China Automotive to pay a second instalment of Yn600,000 to joint venture partner Manganese Bronze, a London-based motor manufacturer, had delayed the introduction of the London black cab to the streets of China, the Financial Times said. Manganese's chief executive, Ian Pickering, said that Brilliance still remained its preferred partner in […]