Beijing Auto & Motor Cycle Mfg. Plant, one of the city's oldest automobile plants, could be facing bankruptcy after five years of losses and may sell prime land in the city to pay off its debts, a Chinese newspaper reports. The state-owned firm was set up in 1958 to produce the city's first cars, motorcycles and military vehicles. To date, the automaker's workforce has shrunk from 12,000 workers to 5,000. Beijing Auto also has a joint venture with DaimlerChrysler, called Beijing Jeep ...
Premium Content (PAID Subscription Required)
"Beijing Auto fears bankruptcy as losses mount" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.