China Economic ReviewJapan'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 […]
Beijing will ban the sale or use of vehicles failing to meet European standards on emissions from the start of next year, China Daily said. Vehicle manufacturers will have to apply to the State Environment Protection Agency for a certificate stating that models are fit for the city's roads. An official of the city's environmental […]
Japan's Mazda Motor will contract out production of its newly released Mazda 6 midsize passenger car to First Auto Works Group, China's largest carmaker, Nikkei said. Mazda will ship bodies and engines to be assembled in FAW's plant in Changchun, Jilin province, and hopes to sell 15,000 units of the car in China in 2003. […]
Daewoo Motor of South Korea has signed a deal to sell its bus-making operations to South Korean hat-maker Young An Hat Co, Reuters reported. The US$117m deal includes Daewoo's joint venture in Guilin, Guangxi, which has a capacity of 3,000 buses a year, as well as its main domestic plant in Pusan. A Young An […]
Japan's Tokico has decided to build a brake parts plant in southern China, reported Nikkei, although an exact location will not be decided until October. The new facility, due to start mass production in the autumn of 2004, will supply brake parts mostly to Japanese automakers operating in China, including its main client, Nissan Motor. […]