China Jianghuai gets OK for $133 mln truck project

Newswire

SHANGHAI, Nov 29 (Reuters) - Anhui Jianghuai Automobile Co , a mid-sized Chinese auto maker, said on Thursday it has obtained regulatory approval to invest 837 million yuan ($113 million) in a truck manufacturing project. Jianghuai Auto said the facility would be able to make 40,000 medium- to heavy-duty trucks a year and generate an estimated 4.48 billion yuan in annual sales and 224 million yuan after-tax profit. The company said the project would take six years to complete from the ...

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