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Hyundai Sets up Joint Venture with Chinese Firm
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| The Hyundai Heavy Industry Co. and the State-owned Beijing Jingcheng Machinery and Electronics Holdings Co. signed an agreement early this week to form a joint venture.
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Lucent Fibre-optics Arm Returns, Opens Beijing Office
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| The United States firm OFS, the world's second-largest optical-fibre manufacturer, opened its Beijing office on Wednesday.
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Akzo Opens Chemical Plant in China
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| Leading chemical producer Akzo Nobel has begun to expand its presence in China with the opening of a new chemical material plant in East China's Jiangsu Province.
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Fiat Models to Strut Car-walk
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| Italian carmaker Fiat Auto SpA plans to introduce three new models into its passenger car joint venture in China by the end of next year, according to a company executive.
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Peugeot Renews Production in China
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| French carmaker PSA Peugeot Citroen's Peugeot division announced it will resume vehicle production in China by 2004.
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Volkswagen China Pledges Price Cuts
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| German car giant Volkswagen Wednesday said it plans to set the prices of its Chinese-made vehicles at the same level as those on the world market within a year.
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GM Sets up Mini-vehicle Joint Venture in China
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| General Motors (GM), the world's No 1 automaker, gained a strong foothold in China's mini-vehicle market Tuesday by setting up a three-way joint venture with two Chinese partners.
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Kvaerner Sets Sights on China Market
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| Aker Kvaerner Group, a Norwegian-based international oil services, engineering, construction and ship-building group, has announced that it has signed contracts totalling US$12 million with China National Offshore Oil Co for the Panyu Field Development project in the South China Sea.
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Honda Cars in China Recalled for Faulty Ignition Switch
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| The Beijing branch of Japan's Honda Group said Monday the company is preparing to repair or replace suspect ignition switches in certain Honda models that are marketed in China.
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Brake Defect Leads to Recall of Minibuses
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| China's State Administration of Quality Supervision and Inspection and Quarantine yesterday moved to notify Chinese users of the Mercedes-Benz MB100 minibus to stop driving the vehicle because of a serious manufacturing flaw.
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