TAIPEI – Formosa Automobile Corp. is negotiating with China's Zhejiang Geely Automobile Holdings Ltd. to form a joint venture to produce passenger cars. If negotiations are successful, the partnership will set up an assembly plant in Ningbo, China, with FAC abandoning earlier plans to build a factory at Kunshan, China. Sources here say FAC also has been negotiating with Lotus Engineering plc and hopes to contract Lotus to design a vehicle that would be produced both at the planned Ningbo ...
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