Wednesday, December 10, 2008

New Chinese Car Manufacturing Venture

News wires are reporting that China's largest automobile maker, Great Wall Motor Co, plans to start manufacturing cars through a joint venture in Bulgaria.
The Great Wall Motor Company is listed on the Hong Kong exchange and plans to invest 80 million euros in a new car plant at Lovech, about 170 km northeast of Sofia. The venture will employ about 1,500 people and will start up early next year.
DeepLode has posted on how China is finding many ways to stay ahead of the pack and steal a march on the West especially the troubled U.S. auto industry. This is another example. Quick and flexible.

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