In a recent economic conference, a senior Chongqing city official said the city government will give high priority to the third plant program to be built by Changan Ford Mazda, Chinese media reported yesterday.
“We’ve reserved a tract of land of 1,500 mu (99.9 hectare) for Changan Ford Mazda’s third plant,†said an official from the [...]
A 70 percent iron ore price hike this year will drive steel prices higher, which will in turn cut the profit margin of Chinese automakers by 1 percent, according to a report prepared by Industrial Securities Co.
The report said that if steel price raise an average of 400 yuan ($56) a ton, the Chinese auto [...]
Hyundai Motor Co., whose China venture’s sales fell 20 percent in 2007, will introduce three models, boost its marketing and open a new plant to reverse the slump in the world’s fastest-growing major auto market.
“Our key products have been in the market for a long time and lost their charm,” Noh Jae-man, president of Beijing [...]
Aluminum Corp. of China Ltd., the nation’s biggest producer of the metal, may bid to buy 4.18 billion yuan ($584 million) of metal processing assets from its state-owned parent company to boost profit.
“We’ll participate in the public sale of parent assets only after we obtain an approval from the board of directors,” Zhang Qing, a [...]
