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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 […]

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 […]

Japan’s largest car maker Toyota is in negotiations with First Automobile Works (FAW) to build a new factory to produce a luxury car for the Chinese market, Reuters reported. The new car would replace FAW’s Hongqi (Red Flag) model currently produced at its works in Changchun, Jilin province. The new factory would be in Tianjin, […]

DaimlerChrysler has decided to extend its joint venture with Beijing Jeep for another 30 years, the Financial Times said. The USGerman auto giant intends to invest around US$226m over coming years to finance the production of a series of new models. Plans are also well advanced to secure a licence from the Chinese government to […]

China produced 1.049m vehicles in the first four months of this year, 23.1 per cent more than in the same period of last year, according to the National Bureau of Statistics. Passenger car output totalled 267,900, a yearon- year increase of 27.6 per cent. The China Association of Automobile Manufacturers reported that sales of domestically […]