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Weichai Power to inject more funds for new production facilities in Shaanxi

Weichai Power is to invest ¥5 billion ($735 million) into Shaanxi Province in the next three to five years to establish a heavy-duty truck manufacturing center for its subsidiary Shaanxi Automobile (Shaanxi Auto) and a component production center for its transmission producing subsidiary Shaanxi Fast Gear (Fast Gear), according to

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AlixPartners: China’s auto suppliers most profitable but with challenges ahead

Thanks to the fast recovery of Chinese economy with record production and sales of light vehicles, Chinese auto suppliers nearly doubled their profit margins in 2009, becoming the most profitable of their sector in the world, according to a survey report by the global business advisory firm AlixPartners. The market

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