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Friday's News - Russian Market, Jiangling Motors Group Company in Poland
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BIG BOYS EYE UP RUSSIAN MARKET
Daily Record, August 29, 2008, Friday
The Russian revolution has moved into overdrive as it prepares to become the biggest new car market in Europe. Despite some foreign unease over the recent Georgian crisis, new car sales are booming spectacularly in the east
Chinese Cars to Roll Out from Polish Factory
Polish News Bulletin, August 29, 2008 Friday
China's state-controlled automotive group Jiangling Motors Group Company (JMC) plans to build a factory in Poland, according to Rzeczpospolita. This will be the first Chinese car factory in Poland. The information was confirmed by Peter Bijvelds, the CEO of Landwind Motor Company, JMC's foreign unit. JMC reps will arrive in Poland in mid-September to talk to officials from the Economy Ministry and state investment agency the PAIiIZ. For now, the size of the factory and the number of workers it will employ remains a mystery. But the planned output capacity of 400,000 vehicles annually means the future facility will stand comparison with Fiat Auto Poland's plant. Fiat's investment is worth $1.2bn. "For a start, the Chinese should invest no less than EUR 1bn," estimates Jakub Farys, the head of automotive industry lobby the PZPM. JMC's most recognised model is the Landwind, resembling the Opel Frontera. This year it is to present compact car the LandwindFashion
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Tags/Labels:
Automotive,
Auto Parts,
China,
Poland,
Russia
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