Like other auto makers, Audi AG has ambitions plans for China. "We hope Audi output in China will reach 70,000 to 80,000 units by 2005," Erich Schmitt, a member of the Audi AG board, tells local media....More
First Automotive Works, China’s No.1 vehicle-producing conglomerate, joins forces with small-car maker Tianjin Automotive Industry Corp., in the first of what is expected to be many mergers as China moves toward full World Trade Organization membership....More
Some suppliers are investing in additional facilities because they are confident current production levels will be sustained and because they have exhausted most of their avenues to stretch available...
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