Weichai says has right to buy rival diesel maker


HONG KONG, Feb 25 (Reuters) - Weichai Power Co Ltd, a diesel engine maker raising up to HK$1.19 billion ($152.56 million) from a Hong Kong IPO, said on Wednesday its majority shareholder had given it the right to buy a competing associate company. The Chinese firm has first right of refusal to acquire Hangzhou Motor Engine Factory, a fellow diesel engine maker owned by its controlling shareholder, Weichai Chairman Tan Xuguang told a video conference. Weichai is about 40 percent held by ...

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Feb 22, 2018

2018 Wards 10 Best Engines Ceremony

Today, WardsAuto begins posting videos from the 2018 Wards 10 Best Engines celebration, held during the North American International Auto Show. In this segment, editors Drew Winter and Tom Murphy kick off the event. Beginning tomorrow, videos with each winning automaker's acceptance speech will begin posting, one daily, in alphabetical order....More


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