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Article: China: Chang'an Motor lines up plan for Iran.
- Article from:
- TendersInfo
- Article date:
- June 5, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. 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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Byline: pinto03
Chang'an Motor Corp, partner of Ford Motor Co in China, has said it will start to build its own-brand cars in Iran in the first half of next year as its latest major push into the overseas market.
The fourth biggest Chinese auto group said its 1.3-liter Benben micro model will be assembled at a plant owned by Iranian partner PIDF with kits from China. The plant will have an annual capacity of 50,000 cars initially that will be expanded to 250,000 units four years later, Chang'an said. Xu Liuping, president of Chang'an, said the company aims to sell 200,000 vehicles abroad a year by 2010, up from 48,000 units last year. To achieve the ...