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Reasons behind the failure of bus JVs

Many multinational bus makers, including Mercedes-Benz, Volvo, IVECO, Daewoo, Hino, Isuzu and Neoplan, have entered the Chinese market and established joint ventures with Chinese partners at one time or another. Although some of these JVs experienced short-term success, most of them did not live up to expectations, forcing foreign bus

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Weichai’s Asiastar: the rebirth of Yaxing Bus

Weichai Holding Group announced the Yangtze River Delta Development Strategy at Weichai (Yangzhou) Asiastar Automotive Industry Park in Yangzhou, Jiangsu province, on October 10.  A key component of the strategy is the restructuring of Yangzhou Asiastar Bus Co., Ltd. (Asiastar),  to make  it a top-ranking bus maker Yaxing reborn Asiastar,

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Yaxing exports CKD kits to Nigeria

YANGZHOU, Jiangsu – Yaxing delivered a batch of CKD kits to Nigeria for local assembly recently, revealing a large step forward of its internationalization strategy. Taking Nigeria as one of its most important customers, Yaxing established the first CKD assembly program locally and sent out a professional team covering marketing, technology,

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Tan Xuguang’s appetite for expansion

Tan Xuguang, the 51-year-old chairman of Weichai Group, a state-owned company in Weifang, Shandong Province, has built his automotive empire or “golden industrial chain” of engines, powertrains, parts and components and whole vehicles through mergers and acquisitions. Last year, Weichai expanded into the bus sector by becoming the majority owner of

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