Cars
Jaguar-Land Rover Forms New Joint Venture with China's Chery Automobile
Tata Motor's Jaguar-Land Rover premium division has signed a joint venture deal with Chery Automobile to sell cars in its home market of China. The agreement, however, is not final, as it has to be approved by China's regulators.
Just last December, China's National Reform and Development Commission (NRDC) and the Ministry of Commerce said that they would stop encouraging foreign investment in the car manufacturing industry to allow for “healthy development†of a market.
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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...
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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...
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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,...
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Fiat Group And Guangzhou Sign Agreement On China Car And Engine Production
Italy's largest manufacturer, the Fiat Group and China's Guangzhou Automobile Group (GAC) have signed an agreement for the establishment of a 50/50 joint venture that will produce cars and engines for the Chinese market beginning from the second...
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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...
Cars