apan’s NSK and Timken Co, the largest bearing manufacturer in the US, plan to set up a US$40m joint venture bearings facility in Suzhou, Jiangsu province. The two companies, which already have a sales tie-up, will supply bearings to the growing number of auto makers setting up in China. Another Japanese auto parts manufacturer, Unisia […]
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Two Japanese motor manufacturers have decided to increase production at their Chinese joint ventures. Honda announced that Guangzhou Honda Automobile plans to produce 59,000 vehicles this year. The 50- 50 joint venture with Guangzhou Auto Group produced 51,153 vehicles last year. The Odyssey minivan, which went into production in April, will account for most of […]
British car maker MG Rover has formed a joint venture to build cars in China, reported Associated Press. The 50-50 joint venture with China Brilliance Industrial Holdings will finance, develop, manufacture and export a new medium-sized car and, later, a smaller model. Under the agreement, China Brilliance will export the cars to most of Asia […]
Mercedes-Benz, a luxury arm of Daimler- Chrysler, is planning to increase the number of its service stations in China from 24 to 46 by the end of 2004, China Daily said. The move is an attempt to repair the public relations damage caused to the firm late last year when the owner of one its […]
China’s second largest television maker, Konka Group, reported a net loss of nearly Yn700m for 2001, the company’s first fullyear losses since listing in 1992, South China Morning Post said. Analysts attributed the loss to the company’s manufacturing venture in India and to a new plant producing its own brand of mobile phones. Konka’s main […]