China-funded car plant opens in Angola next month

Newswire

* Chinese fund to invest in Angola's first car plant. * Vehicles powered by Nissan engines. * Angola wants to diversify its economy. LUANDA, July 29 (Reuters) - Angola plans to begin producing cars next month through a venture funded by a Chinese fund and based on technology from Japan's Nissan Motor Co , the deputy general manager of the China International Fund said. CSG Automovel-Angola will be the country's first car plant. The $30 million investment will produce pick-ups, SUVs, ...

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