Motor Vehicles and Parts News
- Jianghuai gets nod for truck project
Date: 30-Nov-2007 Sources: (Shenzhen Daily)
ANHUI Jianghuai Automobile Co., a mid-sized automaker, said Thursday it has obtained regulatory approval to invest 837 million yuan (US$113 million) in a truck manufacturing project.
Jianghuai Auto said the facility would be able to make 40,000 medium-to- heavy-duty trucks a year and generate an estimated 4.48 billion yuan in annual sales and 224 million yuan after-tax profit. The Shanghai-listed company said the project would take six years to complete from the time of its launch, although it did not give a time for the launch.
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