See previous post.
Maybe you already knew all about FAW but I did not. Now I know that the company has previously partnered with Toyota and VW on manufacturing in China.
The bare facts are available here.
Company website here.
Showing posts with label FAW. Show all posts
Showing posts with label FAW. Show all posts
Thursday, November 22, 2007
Chinese-made cars in Mexico
Several Mexican newspapers are reporting today that Elektra, a Mexican retailer, has struck a deal to begin importing Chinese cars that will sell for five or ten percent less than comparable cars now available in Mexico. El Universal's version of the story is available here.
The cars will be on sale early in 2008, if all goes as planned. The Chinese manufacturer is First Automobile Works Group.
Perhaps most significant, FAW has pledged to build a factory to begin building its cars in Mexico (Michoacan state) three years from now. It's supposed to be a $150 million investment that will produce enough cars for the Mexican and Central American market.
The cars will be on sale early in 2008, if all goes as planned. The Chinese manufacturer is First Automobile Works Group.
Perhaps most significant, FAW has pledged to build a factory to begin building its cars in Mexico (Michoacan state) three years from now. It's supposed to be a $150 million investment that will produce enough cars for the Mexican and Central American market.
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