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BUSINESS
November 26, 1991 | From Times Staff and Wire Reports
GM Near Deal to Make Trucks in China: General Motors Corp. said it is in the final stages of negotiations with a Chinese company to assemble light trucks. If the deal closes, it will be GM's first manufacturing venture in China, where it has had an office since 1982. Talks have been under way with Jinbei Motor Co. of Shenyang for two years. The trucks would be sold in China. GM would have a minority share of the venture.
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BUSINESS
February 27, 1995 | Times Staff and Wire Reports
Nation's Largest Auto Maker to Buy Another Car Maker: In a step to consolidate auto makers and make the industry one of the nation's strongest, China No. 1 Automobile Corp. will buy a 51% stake in Jinbei Automobile Co., China Daily reported. Both are state-owned companies. The deal, worth $68 million, will help China No. 1, with more than 100,000 workers, meet its goal of increasing annual production capacity from 200,000 to 1 million vehicles by 2003.
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BUSINESS
February 27, 1995 | Times Staff and Wire Reports
Nation's Largest Auto Maker to Buy Another Car Maker: In a step to consolidate auto makers and make the industry one of the nation's strongest, China No. 1 Automobile Corp. will buy a 51% stake in Jinbei Automobile Co., China Daily reported. Both are state-owned companies. The deal, worth $68 million, will help China No. 1, with more than 100,000 workers, meet its goal of increasing annual production capacity from 200,000 to 1 million vehicles by 2003.
BUSINESS
January 16, 1992 | AMY HARMON AND DAVID HOLLEY, TIMES STAFF WRITERS
General Motors Corp., which recently revealed plans for massive layoffs in the United States, announced Wednesday that it is forming a joint venture to manufacture pickup trucks in China. Although analysts said GM is not likely to make money on the venture in the short term, the move symbolizes the commitment by the world's largest auto producer to aggressive expansion overseas--even as it carries out plans to dramatically reduce its North American operations. The U.S.
BUSINESS
January 16, 1992 | AMY HARMON AND DAVID HOLLEY, TIMES STAFF WRITERS
General Motors Corp., which recently revealed plans for massive layoffs in the United States, announced Wednesday that it is forming a joint venture to manufacture pickup trucks in China. Although analysts said GM is not likely to make money on the venture in the short term, the move symbolizes the commitment by the world's largest auto producer to aggressive expansion overseas--even as it carries out plans to dramatically reduce its North American operations. The U.S.
BUSINESS
November 26, 1991 | From Times Staff and Wire Reports
GM Near Deal to Make Trucks in China: General Motors Corp. said it is in the final stages of negotiations with a Chinese company to assemble light trucks. If the deal closes, it will be GM's first manufacturing venture in China, where it has had an office since 1982. Talks have been under way with Jinbei Motor Co. of Shenyang for two years. The trucks would be sold in China. GM would have a minority share of the venture.
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