TRANSNATIONAL AUTOMAKERS TO EXPAND PRODUCTION IN CHINA
AsiaInfo Services, December, 2004
AsiaInfo Services 12-20-2004 Transnational Automakers to Expand Production in China BEIJING, Dec 20, 2004 (SinoCast via COMTEX) -- Chinese car industry will enter a period with over production capacity in 2006. But Toyota, Honda and Nissan will expand their production to over 1million vehicles in China in 2006. There are some reasons for them to do so, insiders disclosed.
Most of the Chinese auto enterprises are of small size, and with the low production level. There are 123 complete vehicle manufactures in China, but 95 of them are with the annual output less than 10 thousand vehicles, and 70 of them less than1,000 vehicles, news released from related department. It is inevitable for them to be eliminated or acquired. Meanwhile, some production lines of...
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