Shanghai November 18 (Gasgoo.com) One week after signing the memorandum of understanding (MOU) to establish a 50-50 joint venture in China, Guangzhou Automobile Group and Mitsubishi Motors Corporation already made plans to set up the new joint venture in June 2011 and start production of new models in July 2012, the Beijing Times reported Thursday, citing a Mitsubishi insider.

Shanghai November 5 (Gasgoo.com) Guangzhou Automobile Group and Mitsubishi Motors Corporation have signed today a memorandum of understanding (MOU) to establish a 50-50 joint venture in Changsha, Hunan, the capital of Hunan Province in south China, National Business Daily reported Friday.