Joint ventures
China’s Chery Takes Aim At European Market
In order to be sold in Europe, the Qoros will have to meet, among other things, NCAP safety standards; a goal has been set of achieving five-star crash status and former Mini design direct Gert Hildebrand has signed up to work on the project, while Austrian company Magna-Steyr is reported to be actively involved.
GM and China’s SAIC Join Forces for EV Development
Tim Lee, president of GM’s International Operations believes that this latest joint venture, which builds on partnerships established by the US auto giant and SAIC for 15 years, represents a broad range of benefits made possible by the commitment of the two companies in this venture, as well as representing an “unprecedented level of cooperation.”
Mazda to Build New Factory in Mexico
In addition, both companies will also set up a joint sales venture in Brazil, in an effort to capitalize on that country’s fast growing auto market.
