--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
CULTURE
GOVERNMENT
SCI-TECH
ENVIRONMENT
SPORTS
LIFE
PEOPLE
TRAVEL
WEEKLY REVIEW
Learning Chinese
Learn to Cook Chinese Dishes
Exchange Rates
Hotel Service
China Calendar
Trade & Foreign Investment

Hot Links
China Development Gateway
Chinese Embassies

Mazda, Ford and Chang'an Team up on Production Basis

Japanese carmaker Mazda will join forces with its parent firm Ford Motor in production in China by jointly building a new plant with the US auto giant's joint venture with Chang'an Motor Corp.

The new plant, to be located in Nanjing, capital city of east China's Jiangsu Province, will have an annual production capacity of 200,000 cars, Ford Chief Operating Officer Jim Padilla revealed this Thursday when the companies signed a land-use agreement with the local authorities.

The new plant is part of Ford's US$1.5-billion expansion plan in China which was announced last October in Beijing by company Chairman Bill Ford.

However, the companies have not revealed the size of the investment and specific role of Mazda - 33.4 percent owned by Ford - in the new plant.

Analysts said that, in order for tripartite cooperation between Mazda, Ford and Chang'an to keep in line with China's auto industry policy, the US giant will transfer part of its 50 percent stake in its joint venture with the Chinese firm to the Japanese carmaker.

Foreign automakers are permitted to have a maximum stake of 50 percent in their joint ventures with Chinese partners, according to the new policy.

Mazda will produce its M3 model at the new plant, according to industry sources.

The collaboration with Mazda is seen as a substantial step by Ford to swiftly expand in China using all of its brands.

Ford is lagging far behind rivals General Motors and Volkswagen in China's car market as a result of its late decision to produce locally.

"I ensure that Ford will focus on growing our business in China," Padilla said.

"Our multiple brands - Ford, Volvo, Jaguar and Land Rover - will also participate in China side by side, working with Chang'an Ford," he added.

The joint venture Chang'an Ford now has a plant in southwest China's Chongqing Municipality, which started production at the beginning of last year.

The venture sold 50,000 cars by the end of June this year, including 30,000 Fiesta compact sedans and 20,000 Mondeo mid-sized sedans.

Padilla said that the Chongqing plant's annual production capacity will also increase to 200,000 cars.

Mazda now has two technical licensing deals with First Automotive Works Corp (FAW), one of China's biggest automakers, which is producing the Japanese firm's M6 model in northeastern Jilin Province, and the Premacy and Familier on south China's Hainan Island.

Mazda reportedly plans to establish a car sales company with FAW to market its vehicles produced in China.

Ford also has a joint venture in east China's Jiangxi Province, making the Transit commercial wagon.

China remains the world's fastest-growing car market, although growth of vehicle sales in the nation is slowing down.

Total sales of China-made vehicles grew by 24.25 percent year-on-year to 2.55 million units during the first half of this year.

The growth was down from 34 percent last year, with that of passenger cars at 31.59 percent from 75 percent.

(China Daily July 23, 2004)               

Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68326688
主站蜘蛛池模板: 国产AV无码专区亚洲AV琪琪| 欧美亚洲校园第一页| 国产亚洲视频在线观看网址| 污视频免费网站| 大ji巴想cao死你高h男男 | 美女羞羞动画网站视频| 国产免费午夜a无码v视频| 久久久久999| 国产精品久久久福利| 91久久精品国产91久久性色也| 大香煮伊在2020久| 一个人看的视频www在线| 成人影片在线免费观看| 久久99精品久久久久久清纯| 日本精品久久久久中文字幕8| 五月综合色婷婷| 欧美亚洲日本另类人人澡gogo| 亚洲欧美成人完整版在线| 狠狠躁日日躁夜夜躁2020| 免费的毛片网站| 精品久久综合1区2区3区激情| 啊灬啊灬啊灬快灬深用力| 色吊丝免费观看网站| 国产乱子伦精品无码码专区| 高清毛片免费看| 国产对白真实伦视频在线| 国产女人18毛片水| 国产成人精选视频69堂| 一区免费在线观看| 成人动漫在线视频| 中文字幕一区二区三区日韩精品 | 99re热久久精品这里都是精品| 天天想你电视剧| t66y最新地址一地址二地址三| 巨胸狂喷奶水视频www网站免费| 中文字幕乱理片免费完整的| 手机小视频在线观看| 丰满人妻熟妇乱又伦精品软件| 欧美三级在线播放| 亚洲另类自拍丝袜第1页| 欧美午夜伦理片|