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Keyword: saicgroup

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  • China's SAIC Motor Corp. planning to export own-brand vehicles

    04/10/2006 10:40:16 PM PDT · by HAL9000 · 8 replies · 683+ views
    Associated Press ^ | April 10, 2006
    SHANGHAI (AP) - SAIC Motor Corp., a partner of both Volkswagen and General Motors in China, is gearing up to begin making its own brand of cars, aiming to begin exports to major markets including Europe by 2007. The company recently invested 3.68 billion yuan (US$460 million; euro377 million) in a new unit, SAIC Motor Manufacturing Co., to handle its own-brand production. It aims for an annual capacity of 600,000 SAIC-brand vehicles, including both cars and commercial vehicles, by 2010, said Zhu Xiangjun, a SAIC spokeswoman. Most of the cars now made by SAIC are produced in its joint...