Shanghai Automotive Industry Corp., General Motors Corp, and Luizhou Wuling Mini-Vehicle Co. Ltd. have proposed a joint venture to build mini-vehicles in Shanghai. The three-way venture has the potential to boost Wuling's capacity from the current 200,000 units to 400,000. France's Renault SA and Huanghai Automotive Corp. Ltd. expect approval by the end of the year for a 50/50 bus-making joint venture. The venture, which will be capitalized at US$30 million, aims to produce 4,000 buses ...
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