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
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