December 27, 2017 / 11:17 AM / in 6 months

BRIEF-Guangzhou Automobile Plans New Energy Car Firm, Board Approves GAC Toyota Engine's Engine Project

Dec 27 (Reuters) - Guangzhou Automobile Group Co Ltd :

* SAYS IT AND UNIT PLAN TO SET UP NEW ENERGY CAR COMPANY WITH PARTNERS ON PROJECTS WITH INVESTMENT OF 1.28 BILLION YUAN ($195.30 million)

* SAYS BOARD APPROVES GAC TOYOTA ENGINE'S ENGINE PROJECT WITH INVESTMENT OF $161.4 MILLION Source text in Chinese: bit.ly/2DmbtCi Further company coverage: ($1 = 6.5540 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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