Taiwan-invested China automaker launches first car

Newswire

SHANGHAI, March 22 (Reuters) - Southeast Fujian Motor (Fujian) Corp, jointly invested by Taiwan's China Motor Corp and Fujian Motor Industry Group Co, has launched its first passenger car in China, state media said on Saturday. Southeast plans to sell 25,000 of the 1.6-litre Lioncel this year, the China Daily quoted company president Ling Yuzhang as saying. The car, based on the Mitsubishi Motors' Lancer, will be priced between 123,800 yuan ($14,960) and 178,800 yuan, the newspaper said. ...

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