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FAST and Eaton form JV to produce manual transmissions for LCVs

XI’AN, Shaanxi – Leading Chinese commercial vehicle transmission manufacturer Shaanxi Fast Gear (SFGW) and international power management company Eaton signed an agreement here on May 10 to establish a joint venture to manufacture manual transmissions for light-duty commercial vehicles. The JV will be based in the High Tech Zone of Baoji,

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Three brands, three segments: Renault Brilliance JV eyes annual sales of 150,000 LCVs by 2022

SHENYANG, Liaoning – Brilliance Jinbei is now Renault-Brilliance-Jinbei, after the French automaker signed a formal contract on December 15 with Brilliance China Automotive Holdings Ltd. for the formation of a new joint venture to produce and sell light commercial vehicles (LCV) under the Jinbei, Renault and Huasong brands. The new

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Piaggio and Foton form strategic partnership to develop LCVs for Italian market

BEIJING – Piaggio & C. S.p.A. (PIA) and Foton signed a preliminary agreement here on September 19 for the strategic development of a new range of four-wheel light commercial vehicles for the Italian market. The objective of the agreement, which is part of the strategy to strengthen and modernize the

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Renault and Brilliance China sign agreement to form JV to produce LCVs

HONG KONG – Renault and Brilliance China Automotive Holdings Ltd. announced on July 5 they have signed a binding framework cooperation agreement to form a joint venture in China to produce and sell light commercial vehicles. To facilitate the formation of the JV, Brilliance China will acquire a 100 percent

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Roundup of China’s commercial vehicle market in H1 2010

According to China Association of Automobile Manufacturers (CAAM), China produced and sold 2,243,500 and 2,295,300 units of commercial vehicles in the first half of 2010, up 42 and 41 percent respectively from the same period of 2009. Sales increased 59 percent in the first quarter, and rose 37

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