China's FAW Sihuan sets up car parts joint venture


SHANGHAI, Dec 19 (Reuters) - Chinese auto parts maker Changchun FAW Sihuan Automobile Co Ltd said on Thursday it has signed a contract to set up a joint venture in May 2003 with Germany's Mann + Hummel GmbH. The partners plan to invest a total of $24.61 million in the venture -- Changchun Mann + Hummel FAW Filter Co Ltd -- which will have an initial paid-in capital of $12 million, FAW Sihuan said in a statement published in the Shanghai Securities News. The German company, one of ...

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