With a new form of JV, PSA embarks on market expansion in China
2010-07-19
PSA Peugeot Citroën (PSA) seems to be well aware of the changing conditions of China's cutthroat automobile market to act quickly and decisively in China. The speed with which PSA signed its joint venture agreement with new partner Chang'an Automobile Group is in sharp contrast to its otherwise slow and protracted decision-making process over the past two decades.
BEIJING - Beijing Automotive Industry (Holding) Corp. (BAIC), Power Diversity Automobile Trade Group Co., Ltd.
LIUZHOU, Guangxi - Liuzhou Wuling Automobile Corp. said on July 27 that the Wuling Group had never talked with other shareholders on stake transfer of SAIC-GM-Wuling (SGMW) or selling the Wuling brand, and had not received any decisions from any government authorities on the two issues.
SHANGHAI - SAIC Motor, Volkswagen AG and Suzuki Motor are reported in talks to set up a three-way joint venture based on the existing Shanghai-Volkswagen, Beijing Times reported on July 25.
MOSCOW - Beiqi-Foton Automobile Co., Ltd., China's largest commercial vehicle manufacturer, will assemble self-branded vehicles in Russia starting at the end of 2010, and will establish a manufacturing base with an annual output of 100,000 units there in 2012.
JILIN, Jilin - FAW-Jilin Automobile Co., Ltd. broke ground on a new plant with an annual capacity of 400,000 units on June 13.
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Loaders and diggers are among the best selling products in the western construction machinery market. Yet they are barely popular in China.
- by auto.sohu.com
China National Heavy-Duty Truck Group Corp. (CNHTC, or Sinotruk) chairman Ma Chunji was interviewed during the recent annual National People's Congress in Beijing. The following are highlights of the interview by auto.sohu.com. - Editor
Growing demand in China's heavy-duty market resulted in impressive sales numbers in 2009. As the market seems increasingly appealing, more automakers traditionally specializing in other sectors of the automobile industry were attracted by new revenue opportunities and have launched product lines to compete for a share of the heavy-duty market.
China's heavy-duty truck market witnessed a continuous decline in the first half of 2009, but then rebounded surprisingly, ending the year with sales of 635,568 units, up 17.60 percent compared to 2008.
In adhering to China's commitment to emissions reduction and energy saving, several cities are engaged in efforts to launch green public transportation systems. Since the beginning of 2010, major bus and coach manufacturers have signed contracts with local governments to adopt alternative fuel vehicles for select bus routes.
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