国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

  Home>News Center>China
       
 

Green light for tripartite auto joint venture
(Xinhua)
Updated: 2005-01-09 11:38

Ford Motor Co has announced that the Chinese government has approved its new car joint venture with its Japanese unit Mazda and China's Chang'an Motor Corp.

The new venture, to be located in Nanjing, capital of East China's Jiangsu Province, will have an initial annual manufacturing capacity of 160,000 cars, which could be expanded to as many as 200,000 units, Ford said in a statement.

Mazda, in which Ford has a 33.4 percent stake, will have an equity stake in the new venture, Ford said, without elaborating.

Initial investment in the new venture will amount to 4 billion yuan (about US$482 million), China Daily quoted sources from Chang'an as saying on Saturday.

The new venture will use Mazda's manufacturing process as a blueprint to produce a number of Ford and Mazda vehicles, Ford said.

"With Mazda joining us in this new project, we expand our ongoing co-operation that has us building vehicles together on four continents (America, Europe, Asia and Africa). By using a combination of Mazda's manufacturing expertise and Chang'an's deep knowledge of China, we will all benefit," Mark Schulz, Ford's executive vice-president, was cited by the newspaper as saying.

The new venture is part of Ford's plan to invest more than US$1 billion in China announced in October 2003 and will be the second plant of the US giant's existing joint venture with Chang' an in southwestern Chongqing Municipality.

Ford's total sales in China, including those of its affiliates Mazda, Volvo, Land Rover and Jaguar, more than doubled last year's from 2003, the newspaper said.

But Ford lags far behind rivals, such as Volkswagen and General Motors by sales in the Chinese auto market.



 
  Today's Top News     Top China News
 

Kofi Annan: 'I have never seen such utter destruction'

 

   
 

Wen urges Shenzhen to speed up growth

 

   
 

People's donation via Red Cross tops ¥100m

 

   
 

CBRC issues risk management regulations

 

   
 

Asia tsunami death toll passes 150,000

 

   
 

Children taller than those of a decade ago

 

   
  US relaxes visa requirements for biz, tourism
   
  Ambassador calls for improvement of ties
   
  Yunnan guards against bird flu intrusion
   
  China cracks down on phone sex
   
  Shoddy milk seller jailed
   
  Construction destroys tower, tombs
   
 
  Go to Another Section  
 
 
  Story Tools  
   
  News Talk  
  It is time to prepare for Beijing - 2008  
Advertisement
         
理塘县| 古蔺县| 瑞安市| 桓台县| 雷州市| 莲花县| 高淳县| 喀喇沁旗| 桦南县| 石河子市| 鹤庆县| 德州市| 富阳市| 伊吾县| 兴宁市| 扎兰屯市| 金昌市| 鲁山县| 集贤县| 台北市| 平昌县| 巴彦县| 英吉沙县| 布拖县| 舒城县| 湟中县| 勃利县| 屏山县| 定兴县| 卢氏县| 清河县| 含山县| 三穗县| 承德县| 芦溪县| 洛扎县| 满城县| 上饶县| 独山县| 图木舒克市| 蓬安县|