UPDATE 2-Volvo, Toyota ink $350 mln in China engine deals

Newswire

By Ben Blanchard and Yuka Obayashi SHANGHAI/TOKYO, March 29 (Reuters) - Car makers Toyota and Volvo inked two deals worth more than $350 million on Monday to make engines with China's top auto maker, enabling them to avoid costly import tariffs on parts. Toyota will set up a 50-50 joint venture worth 16 billion yen ($152 million) with First Automotive Works (FAW) to make 40,000 engines a year, initially for luxury cars, in the city of Changchun in northeastern China. FAW will also team ...

Premium Content (PAID Subscription Required)

"UPDATE 2-Volvo, Toyota ink $350 mln in China engine deals" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.
WardsAuto Blogs
Aug 19, 2014
blog

Dodge Undergoes Brand ‘Purification’

The brand moves from overall mainstream to so-called mainstream-performance....More
Aug 15, 2014
blog

Is Your Classic Car Worthy of Historical Register?

“If we had a local fruit truck from Birmingham here or local delivery truck that is still around, a local firetruck, that’s every bit as important as the Washington Monument on the national level. It’s all part of our heritage, and heritage starts local," Mark Gessler says....More
Aug 11, 2014
blog

U.S. Luxury-Vehicle Sales Heading for Record Year

The upward movement in luxury penetration to 12.9% in 2014 has been an ongoing process for at least 34 years since the segment held a 4.8% share in 1980....More

Sponsored Introduction Continue on to (or wait seconds) ×