According to Chinese media reports both Foton and Great Wall Motors are planning to enter the Indian market in the near future. Foton has reportedly acquired a patch of land on which to develop a production facility for commercial vehicles due to the large demand for efficient CV’s in the Indian market.
Great Wall Motors are also reportedly planning…
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From China Daily:
Foton Motor Co, one of China’s largest commercial vehicle manufacturers, said Friday that its profits slumped nearly 30 percent year-on-year in 2011 due to falling sales.
The company’s profits decreased to 1.15 billion yuan ($182.54 million), while revenues slid 3.45 percent to 51.65 billion yuan, according to a statement…
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You may think that joint ventures…
From Xinhua:
Beiqi Foton Motor Co., China’s largest commercial vehicle manufacturer, said Sunday that its third-quarter profits slid 59.9 percent from one year earlier because of falling sales.
The car maker’s profits dropped to 211 million yuan (33.28 million U.S. dollars) for the third quarter of 2011, according to a statement filed…
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Foton unveiled their new huffing heavy pick up truck late yesterday ahead of its initial production and sales launch in January next year, journalists were able to get a taste of what the big truck might look like. Foton, as part of BAIC Group, are being pushed to ‘leave the country’ and develop export markets in overseas lands, one stumbling block…
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To the outside eye, the Indian auto market looks like a sweet low hanging peach – a market that could potentially be the same size as the Chinese market in the next five to ten years and has the same needs as the Chinese market, albeit with the steering wheel on the other side of the dashboard, so it will be no shock to hear that commercial vehicle…
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Foton are already one of the world’s biggest light truck manufacturer, but they are not content with sitting with just the title of truck manufacturer, they are planning to enter the passenger car business in a major way. Foton are owned by Beijing Auto Industry Corp and have a large amount of freedom within the gigantic corporation to develop their…
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From Reuters:
Chery Automobile is to become the second Chinese vehicle maker to build an assembly plant in Kenya, joining truck manufacturer Beiqi Foton Motors in a move to tap east African demand and further strengthening Chinese links with the continent.
“They (Chery) are discussing with the (Chinese) government so that they can get…
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Most of China’s stock market listed automakers saw June output and sales declining from a year earlier. Some automakers kept growing, but the growth fell sharply from the same period of last year.
Affected by the expiration of incentive policies, monetary tightening, and industry adjustment, China’s auto output and sales started to…
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