China Economic ReviewA 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 […]
German luxury car maker BMW has received approval for its joint venture with Brilliance China Automotive Holdings, Bloomberg reported. The new venture will make 3- and 5-series sedans at Brilliance's plant in Shenyang, Liaoning province. Production is expected to start in the second half of this year, with a target production of around 30,000 units […]
Volkswagen has pledged to bring worldclass standards to its Chinese joint ventures, said Dr Bernd Leissner, president of the German company’s Asia-Pacific operations. Prices of domestically produced cars are around 30 per cent higher than world average and one way the company hopes to cut costs is to increase local production. Volkswagen will also increase […]
General Motors has signed a deal with Shanghai Automotive Industries Corp (SAIC) and Liuzhou Wuling Automobile Co to set up a joint venture to produce a new series of mini-vehicles in Liuzhou, Guangxi, Xinhua reported. GM will hold 34 per cent of the venture, SAIC 50.1 per cent and Wuling, in which SAIC holds a […]
Honda Motors, Japan’s second largest carmaker, is in talks with its Chinese joint venture partner and the Chinese government to set up a new plant to produce compact cars for export to Japan and the US, Nihon Keizai Shimbun said. The new plant would be built near Honda’s existing joint venture with Guangzhou Auto Group. […]