Subaru and Chery to jointly construct new factory in Dalian

Gasgoo.com (Shanghai March 3) - Chery Automobile is to invest 3.66 billion yen ($365.7m) with Subaru to jointly construct a new factory in Dalian, Liaoning, the Beijing Daily reported today. The news, which has been circulating through several Japanese papers, caused stock prices for Subaru's parent company Fuji Heavy Industries to hit 658 yen ($8.037), a new record for the company.

Mar. 12 , 2011