Home > 2009 > February

Behind the JV deal: Daimler never gives up buying stake of Foton Motor

BERLIN - Beiqi-Foton Motor Co., Ltd. and Daimler AG signed on January 29 the Commercial Vehicle Cooperation Agreement to build a joint venture to produce medium and heavy-duty trucks in China. Wang Jinyu, general manager of Beiqi-Foton, signed with German automaker on behalf of Foton Motor (600166.SH), the Shanghai-listed subsidiary

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Beijing offers subsidies for elimination of high pollutant vehicles in Beijing

Beijing municipal government is providing ¥1 billion ($145 million) subsidies to accelerate the removal of high pollutant vehicles in 2009, according to a news report in China Environment Post. Most of the yellow-tagged vehicles (those that cannot meet Euro I emission standards), or "inkfish" cars with high pollutant discharge, will

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Definition of independent vehicle brand to affect OEM behaviors

The full text of China's Automotive Industry Revitalization Program (the Revitalization Program) to be released later this week has a clear message: the government is to take specific measures in supporting independent innovation and increasing the market share of independent passenger vehicle brands. Specifically the Revitalization Program has

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Visteon provides technology design solutions to automotive systems

SHANGHAI - Visteon Corporation has recently announced two technical innovations with electronics solutions to automobiles, in-vehicle family entertainment system (FES) and integrated navigation system, the latter of which was designed at the Visteon China Technical Center and tailored for Chinese consumers, according to a company news release. The in-vehicle family entertainment

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