China told Fuji Heavy it rejected bid for JV-paper

Newswire

TOKYO, Sept 30 (Reuters) - The Chinese government has told Fuji Heavy Industries , the maker of Subaru cars, that it had rejected its application to form a local joint venture to build cars in the world's biggest market, Japan's Yomiuri newspaper said on Friday. Speculation had swirled for weeks that regulators would block Fuji Heavy's bid for local production, which was meant to boost the niche Japanese car maker's sales. Fuji Heavy could not immediately be reached for comment. Chinese ...

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