Article Abstract:
Ford Motor Co. may try to invest in Chinese automobile companies to circumvent the Chinese government's bureaucracy. One company that may benefit from Ford's possible investment foray is Jiangling Motors, which intends to offer Class B stocks in Aug. 1995. Jiangling officials noted that they have reached a tentative agreement with Ford, in which the latter is committed to buy about 80% of the stock offering. However, the completion of the agreement hinges on Jiangling's ability to attract additional investors.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
Volkswagen AG's introduction of the Audi A6 luxury sedan in the Chinese market made it the foreign automobile manufacturer with the most number of product offerings in the country. The company, which entered China in the mid-1980s, is also the only foreign car maker that is expected to survive the country's entry into the World Trade Organization, a development that is expected to pave the way for the entry of less expensive foreign vehicles.
User Contributions:
Comment about this article or add new information about this topic:
Article Abstract:
General Motors Corp is planning to build smaller and less expensive cars that are more suitable to the Chinese market. The automobile manufacturer has already begun production at its joint-venture Buick plant in China but is considering the possibility of assembling Opel sedans from parts manufactured in Brazil. Another option would be to produce a minivan in Shanghai. The factory has an annual industrial capacity to build 100,000 cars.
User Contributions:
Comment about this article or add new information about this topic: