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Article: Avis sets up car rental joint venture in China
- Article from:
- Xinhua News Agency
- Article date:
- December 19, 2002
CopyrightCopyright 2002 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Avis sets up car rental joint venture in China
SHANGHAI, Dec. 19 (Xinhua) -- Avis, a transnational car rental
company, has set up its first joint venture in China.
Co-funded by local auto manufacturer Shanghai Automotive Industry
(Group) Corporation (SAIC), the Anji Car Rental Company Ltd.
involves a total investment of 66 million US dollars and will start
operation on Jan. 1, 2003.
The joint venture aims to set up over 70 outlets in major Chinese
cities and provide more personalized services by teaming up with
major Chinese airline companies, travel agencies and banks.
The booming car rental business has boosted China's automaking
and service industries, says Shen ...