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PRODUCTION * China - North-Benz invests in Chongqing
Chongqing,China -chinadaily.com.cn, by Su Yue -25 Jan 2007: -- North-Benz Heavy-duty Truck Co Ltd has invested 480 million yuan (US$61.7 million) to build a new heavy-duty truck production base in Chongqing, Southwest China... The new company for this base, recently re-registered as Chongqing North-Benz Vehicle Co Ltd, was reshuffled based on the former Chongqing Tiema Heavy-duty Vehicle Co Ltd... The Tiema heavy-duty truck has achieved an annual output and sales volume of 1,700 units, more than double the previous figure. The company's annual sales revenue has topped 500 million yuan (US$64.3 million)...
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