MADRID – China’s Hawtai Motor, one-time spurned suitor of Saab in Sweden, may be moving toward producing vehicles in Spain. Paterna Mayor Lorenzo Agusti and Hawtai representatives signed a memorandum of understanding earlier this month designed to pave the way for an assembly operation in a future free-trade zone in Valencia harbor. The plan should be viewed with some skepticism, however. Hawtai’s efforts to expand outside China have gone awry before, including its ...
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