China Economic ReviewThe 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 […]
Japanese automotive parts manufacturers continue to transfer production to the mainland. Calsonic Kansei Corporation has received permission to build a factory in a bonded area in Wuxi for the manufacture of motor actuators for automotive air conditioners. The plant, which is expected to start operations in October 2003, will have an initial output of 3.5m […]
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 […]