Cars
China looks set to reject the proposal for a joint venture between Fuji Heavy Industries, in which Toyota holds a 16.5% stake, and the country’s seventh largest carmaker, Chery Automobile Co.
- Jaguar-land Rover And Chery Seal Joint Venture, Begin Construction Of New Plant In China
On Sunday, November 18, Jaguar Land Rover and Chery Automobile Company Ltd. set the founding stone of a new manufacturing facility in the city of Changshu, near Shangai, in China. The two companies’ joint venture, which has been on the cards since...
- Does The World Really Need Another Chinese Brand? Chery Certainly Thinks So, Launches Qoros [video]
We tried to count the number of Chinese carmakers, and it turns out that there are approximately 70 brands. That’s not counting the foreign makes they’ve already bought like Volvo, or are currently trying to acquire like Saab, nor their...
- Report: Mazda To Cut Ties With Ford And Stop U.s. Production By 2013
Earlier in May, we told you about a report concerning Mazda’s plans to discontinue production of its Mazda6 mid-size model at its joint-venture plant with Ford in Michigan. Today, new reports from both Japan and the U.S. are claiming that Mazda...
- Daimler To Form New Chinese Joint Venture With Beiqi Foton
Mercedes-Benz's parent company Daimler AG has signed a letter of intent to form a new 50:50 joint venture with China's Beiqi Foton Motor Co., Ltd to produce medium and heavy-duty trucks and exchange technology in China. The deal between the companies...
- Toyota Reportedly In Talks With Gm For Production Of Prius In California
Citing unnamed inside sources, daily Japanese newspaper “Tokyo Shimbun†reported today that Toyota and GM are in talks about producing the Prius, now made in only Japan and China, at their joint venture plant in Fremont, California. The report...
Cars
China May Reject Toyota-Fuji Heavy Industries Joint Venture with Chery, Say it is “One too Manyâ€
China looks set to reject the proposal for a joint venture between Fuji Heavy Industries, in which Toyota holds a 16.5% stake, and the country’s seventh largest carmaker, Chery Automobile Co.
According to state sources cited by Bloomberg news, the reason is that this would give Toyota a third joint venture in the country. This violates current regulations stipulating that any overseas company can form only two joint ventures in the passenger car manufacturing field.
Read more »- Jaguar-land Rover And Chery Seal Joint Venture, Begin Construction Of New Plant In China
On Sunday, November 18, Jaguar Land Rover and Chery Automobile Company Ltd. set the founding stone of a new manufacturing facility in the city of Changshu, near Shangai, in China. The two companies’ joint venture, which has been on the cards since...
- Does The World Really Need Another Chinese Brand? Chery Certainly Thinks So, Launches Qoros [video]
We tried to count the number of Chinese carmakers, and it turns out that there are approximately 70 brands. That’s not counting the foreign makes they’ve already bought like Volvo, or are currently trying to acquire like Saab, nor their...
- Report: Mazda To Cut Ties With Ford And Stop U.s. Production By 2013
Earlier in May, we told you about a report concerning Mazda’s plans to discontinue production of its Mazda6 mid-size model at its joint-venture plant with Ford in Michigan. Today, new reports from both Japan and the U.S. are claiming that Mazda...
- Daimler To Form New Chinese Joint Venture With Beiqi Foton
Mercedes-Benz's parent company Daimler AG has signed a letter of intent to form a new 50:50 joint venture with China's Beiqi Foton Motor Co., Ltd to produce medium and heavy-duty trucks and exchange technology in China. The deal between the companies...
- Toyota Reportedly In Talks With Gm For Production Of Prius In California
Citing unnamed inside sources, daily Japanese newspaper “Tokyo Shimbun†reported today that Toyota and GM are in talks about producing the Prius, now made in only Japan and China, at their joint venture plant in Fremont, California. The report...