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FAW Jiefang eyes quarter market share by 2015

CHENGDU, Sichuan – FAW Jiefang Automobile Co., Ltd. said at its 2011 commercial conference here on December 20, 2010 that it would like to sell 420,000 medium and heavy-duty trucks (MHDT) in 2015, accounting for approximately a quarter of the MHDT market that year. The announcement comes on the heels of

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CNHTC Jining produces 12,000th Hoyun HDT of 2010

JINING, Shandong – CNHTC Jining Commercial Vehicle Co., a manufacturing affiliate of China National Heavy-Duty Truck Group Corp. (CNHTC), celebrated the production of the 12,000th Hoyun heavy-duty truck of 2010 on December 18. The company also broke ground on its second-phase project, which has an investment of ¥300 million ($45

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China’s PCM completes deal to acquire GM’s Nexteer

SAGINAW, MI − Pacific Century Motors (PCM), an auto supplier group with major funding from the Beijing municipal government recently completed the acquisition deal of General Motor’s Nexteer steering-components unit. Founded in 1906 as the Saginaw Steering division of General Motors, Nexteer changed its name in 2009 when the “new”

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