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CNHTC net profit more than quintuples in 2017 on sales of £¤55.4 billion

HONG KONG – China National Heavy-Duty Truck Group Corp. (CNHTC), or Sinotruk, achieved revenues of ¥55.4 billion in 2017, up 68.26 percent, according to annual financial results released by the Hong Hong-listed truck maker on March 23. Total truck sales reached 263,903 units in 2017, with a year-on-year increase of

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Global empire grows: Geely acquires strategic stake in AB Volvo, becomes largest shareholder

HANGZHOU – Geely Holding Group’s rapidly expanding global empire just got bigger, literally and figuratively. The private automaker has acquired an 8.2 percent share capital and 15.6 percent voting rights in AB Volvo, becoming the largest shareholder in the leading Swedish manufacturer of trucks, buses, construction equipment, diesel engines, and

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Weichai Power opens innovation center in Aschaffenburg and signs design consultancy LOI with AVL

ASCHAFFENBURG, Germany – Weichai Power opened a science and technology innovation center in Aschaffenburg, Germany on November 20 and signed a design consultancy letter of interest (LOI) with AVL to jointly build a future technology innovation center at Weichai. Tan Xuguang, chairman of Weichai Power, mentioned that Weichai Power invested

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Secrets behind FAWDE’s 1 million Aowei diesel engines

On September 26, FAW Jiefang Automobile Co., Ltd. Wuxi Diesel Engine Works (FAWDE) celebrated the production of its 1 millionth Aowei diesel engine and 10,000th CA6DM3 (13L) diesel engine at its production facilities in Wuxi, Jiangsu Province. The milestone comes nearly 14 years after FAWDE produced its first Aowei CA6DL

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