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Hyundai Sets up Joint Venture with Chinese Firm
The Hyundai Heavy Industry Co. and the State-owned Beijing Jingcheng Machinery and Electronics Holdings Co. signed an agreement early this week to form a joint venture.
Lucent Fibre-optics Arm Returns, Opens Beijing Office
The United States firm OFS, the world's second-largest optical-fibre manufacturer, opened its Beijing office on Wednesday.
Akzo Opens Chemical Plant in China
Leading chemical producer Akzo Nobel has begun to expand its presence in China with the opening of a new chemical material plant in East China's Jiangsu Province.
Fiat Models to Strut Car-walk
Italian carmaker Fiat Auto SpA plans to introduce three new models into its passenger car joint venture in China by the end of next year, according to a company executive.
Peugeot Renews Production in China
French carmaker PSA Peugeot Citroen's Peugeot division announced it will resume vehicle production in China by 2004.
Volkswagen China Pledges Price Cuts
German car giant Volkswagen Wednesday said it plans to set the prices of its Chinese-made vehicles at the same level as those on the world market within a year.
GM Sets up Mini-vehicle Joint Venture in China
General Motors (GM), the world's No 1 automaker, gained a strong foothold in China's mini-vehicle market Tuesday by setting up a three-way joint venture with two Chinese partners.
Kvaerner Sets Sights on China Market
Aker Kvaerner Group, a Norwegian-based international oil services, engineering, construction and ship-building group, has announced that it has signed contracts totalling US$12 million with China National Offshore Oil Co for the Panyu Field Development project in the South China Sea.
Honda Cars in China Recalled for Faulty Ignition Switch
The Beijing branch of Japan's Honda Group said Monday the company is preparing to repair or replace suspect ignition switches in certain Honda models that are marketed in China.
Brake Defect Leads to Recall of Minibuses
China's State Administration of Quality Supervision and Inspection and Quarantine yesterday moved to notify Chinese users of the Mercedes-Benz MB100 minibus to stop driving the vehicle because of a serious manufacturing flaw.

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