![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
Business - China - Iveco's Changjiang stake sold for $1
Shanghai,China -ATN (Australia)/The China Daily -6 Sept 2006: -- Commercial vehicle firm Iveco, a division of Italian industrial group Fiat, has pulled out of a bus joint venture in East China's Jiangsu Province... A source says Iveco had sold its 50 percent stake in the bus venture to the Chinese side, Changjiang Bus Group, based in Changzhou, Jiangsu Province, for just US$1... The move will be an advantage for Iveco's truck-making partnership with Shanghai Automotive Industry Corp (SAIC) China's top vehicle producer... Iveco agreed formed a joint venture with SAIC last month, investing 120 million euros in a new heavy-duty truck plant in Southwest China's Chongqing Municipality...
posted by Unknown @ 10:25 AM
0 Comments:
Post a Comment
<< Home