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Piaggio Group and Foton sign final contract to jointly develop LCVs

PONTEDERA, Italy – Italy’s Piaggio Group and leading Chinese light commercial vehicle manufacturer Foton signed the final contract here on May 17 for the development and production of a new range of four-wheel light commercial vehicles. The signing comes about eight months after the two partners signed a preliminary agreement in

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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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Beiqi-Foton to establish auto industrial park in India

BEIJING –Beiqi-Foton Motor Co., Ltd. (Beiqi-Foton) has signed an MOU with India’s Maharashtra Industrial Development Co. to jointly establish an automobile industrial park in Maharashtra, according to a report on cvworld.cn. The MOU was signed on September 18 during Chinese President Xi Jinping’s visit to India. By setting up the

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