Nov.18, 95 Associated Press:
The Ford Corp. has announced a joint venture contract with the Auto China
Co. to fabricate sport-utility vechicles in the Tianjin province. The
yearly start-up production: 100,000 cars/yr.
The Sumitomo Bank (Japan) has announced the establishment of a $ 8
billion fund for low interest loans for Japanese companies pursuing
investment in China.
Nov. 20, 95:
The Toyota Co. has announced that it is in the last stages of discussing
with the Tata Co. of
India a joint venture for the fabrication of a large, unspecified number
of compact sized cars. A contract is expected shortly.