China Economic ReviewShanghai Automotive Industry Corporation (SAIC) started production of a new car called the Saibao at a new base in Yizheng, Jiangsu province, Xinhua reported. The new plant, the Yizheng Automobile Company, is a wholly-funded subsidiary of SAIC, with an investment of Yn350m. SAIC's other two plants are both joint ventures, one with German car maker […]
Predictions that WTO entry would lead to the demise of the domestic auto industry have proved wide of the mark. Instead, foreign carmakers, particularly Japanese, are eyeing China as a low-cost production base. Predictions that WTO membership would lead to the sudden collapse of China's auto industry seem to have proven false, at least for […]
Shanghai will spend Yn100bn on rail transport projects in the current five-year plan (2001-05), according to a white paper released by the municipal government. The city intends to build a total of 212km of subway, elevated railway and magnetic railway lines by 2005. The paper predicts that the number of vehicles on Shanghai's roads will […]
Toyota Motor Corp of Japan is to provide technological support to First Automobile Works (FAW) of Changchun, Jilin province, for the next generation of the Red Flag luxury sedan, reported Asahi Shimbun. According to the newspaper, FAW would use the main parts of Toyota's new Crown luxury model in the new Red Flag to be […]
A team of Honda Motor senior executives, including company president Hiroyuki Yoshino, was in Guangzhou in July for high-level talks on expansion of the Japanese carmaker's joint ventures in the city, South China Morning Post said. The talks were held with municipally owned Guangzhou Auto Group and Dongfeng Motors. Guangzhou Auto is Honda's partner in […]