Upgrade for our proposal for NewChin
Daewood Automobile Romania
Our Board of Directors decided the folowing upgrades to proposals we
have already made:
- raising initial investment so we would manufacture in the first year
200.000 cars and after four yeras our production would be 650.000 cars
and 30% of which produced for export.
- management: We propose a 13 member Board of Directors:
- 7 Daewoo Automobile Romania
- 5 NewChin
- 1 Foreign Investment Commission of China
- * 40% Newchin Corporation
- * 60% Daewoo Automobile Romania
a) 40% Equity
- 60% to be provided by Daewoo Automobile Romania
- 40% to be provided by NewChin
b) 60% to be borrowed in the form of bonds by our joint venture.
- locations: in the municipality of Xiamen.
- technology transfer and training
- rapid training of Newchin Corporation technicians and management
in China and Romania
- rapid and meaningful technology transfer
- after the first two years, 60% of components to be supplied within
China and after two more years that will be 100%.
1996, Daewoo Team Designed
and Maintained by Zan Kuang.