Isuzu, Jiangling Motors to set up truck, engine JVs in China
TOKYO Aug 7 (Reuters) - Japan's Isuzu Motors said on Tuesday it has agreed with China's Jiangling Motors Corp to set up two new joint ventures in China to produce and sell small pickup trucks and engines locally.
The joint ventures, which will be located in Jiangxi province, are set to start production in 2014. One of them will be producing trucks and aims to manufacture and sell 100,000 vehicles annually, while the other will be producing engines, Isuzu said in a statement.
Isuzu did not give any details on how much it or Jiangling will invest in the ventures. (Reporting by Yoko Kubota; Editing by Muralikumar Anantharaman)
- 'Good night': Haunting final contact from missing Malaysian jet |
- Crimeans vote over 90 percent to quit Ukraine for Russia |
- Ukraine, Russia agree Crimea truce until March 21-Ukraine minister
- France bans Monsanto GM maize ahead of sowing season
- North Korea fires 25 short-range and obsolete rockets: South Korea