Market & Industry
FAW-GM new plant goes into operation Dec. 10 , 2010
European auto shares down on possible China tax rebate end Dec. 10 , 2010
Guangzhou Auto, Gonow sign JV deal today: source
Shanghai December 9 (Gasgoo.com) Guangzhou Automobile and Gonow Auto have signed today an agreement to create a 51:49 joint venture. GAC has agreed to retain the existing management team of Gonow in the new company, which will have a registered capital of 1.26 billion yuan ($189 million) and will be lead by Gonow chairman Liao Xuezhong.
Dec. 10 , 2010China auto parts exports surge 44.22% in Jan-Oct Dec. 9 , 2010