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China: PSA’s local venture ups its sales goal


Thanks to strong demand registered throughout the first six months of the year, the local joint venture between PSA Peugeot Citroen and Dongfeng Motor Group has increased the full year’s sales target. The French carmaker, which is now in a broad alliance with the Chinese partner, thanks to a capital investment from Dongfeng, has decided to set the bar for local ...
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More joint venture articles

China: Fiat joint venture builds second factory
Fiat Chrysler Automobiles and Guangzhou Automobile’s local joint venture recently started constructing their second manufacturing facility in the south China city of Guangzhou. GAC Fiat Automobile Co., the 50/50 joint venture ...
Johnson Controls stock up on China auto deal
The US multinational, multi-industrial, 170,000 employees strong company has seen its stock rise the most in six months as it taps a profitable partnership for the auto-interiors business through a ...
Magna says there’s no pressure to end Russian joint-venture
According to Donald Walker, the chief executive of Magna International, he wasn’t asked by Canada to end the company’s Russian joint-venture amid the mounting tension in the Ukrainian region. The comments ...
Japan’s automakers to join forces in charging network joint venture
The big Japanese makers will shake hands in a rare feat – they will unite to create a company that would manage the country’s charging stations – providing their funding ...
BMW and Toyota to produce hybrid sports car together
BMW and Toyota will produce a hybrid sports car together as part of their alliance and the model in question will be different than the replacement for the Z4 and ...
Nissan and Daimler Might Shake Hands on a Mexican Joint Venture
The Japanese automaker Nissan and Germany's Daimler shook hands to create a 50-50 joint venture in Mexico. Nissan's and Daimler's joint manufacturing venture will build small, upmarket cars for the automakers' ...
China: Renault joint venture to depend on Nissan
According to Jacques Daniel, CEO of Dongfeng Renault Automobiles, the Chinese joint venture of Renault, the company would mostly rely on its alliance partner Nissan. The French company is aiming to ...
Bill Gates backed EcoMotors sets up Chinese joint venture
EcoMotors, which develops engine technology and is backed by Bill Gates and Khosla Ventures, has announced it formed a partnership to build a $200 million factory in China. FAW Jingye Engine ...
China: Magna enters the market through joint venture
As a part of its plan to nearly double its local sales within the next two years, Magna International – a global player among auto parts suppliers – has announced ...

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