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Article: Cummins and Beiqi Foton Motor Form Joint Venture to Produce High-Performance, Light-Duty Diesel Engines in China.
- Article from:
- Business Wire
- Article date:
- October 19, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BEIJING -- Cummins Inc. (NYSE:CMI) and Beijing-based Beiqi Foton Motor Company (Beiqi Foton) today signed an agreement to form a 50/50 joint venture company, Beijing Foton Cummins Engine Company Limited (BFCEC) to produce two types of Cummins light-duty, high-performance diesel engines in Beijing.
The engines primarily will be used in light-duty commercial trucks, pickup trucks, multipurpose and sport utility vehicles. Certain types of marine, small construction equipment and industrial applications also will be served by this engine family.
Foton, founded in 1996, is the largest producer in the light-duty truck market in China, selling more than 260,000 ...