China Economic ReviewDaewoo 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. […]
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 […]