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Dongfeng-Volvo: A win-win deal

  BEIJING – Dongfeng Motor Group Co., Ltd. (DFG) signed an agreement here on January 26 with AB Volvo to enter into a strategic alliance. The world’s 2nd largest heavy-duty truck maker agrees to acquire 45 percent of the equity shares of Dongfeng Commercial Vehicle Co., Ltd. (DFCV) for ¥5.6

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FAW to invest £¤402 million for capacity expansion of ET3 engine

CHANGCHUN, Jilin – FAW Car announced on January 22 that it would invest about ¥402.49 million ($64.72 million) to increase production capacity of its independently developed ET3 engine, according to a report on t.163.com. To FAW, this investment will facilitate the sustainable development of its independent brand vehicles. As a technical

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