Scotty Posted August 25, 2010 Share Posted August 25, 2010 Lifan Motors Confirms Talks with Subaru Posted on: Tue, 24 Aug 2010 08:43:38 EDT Symbols: FUJHY BEIJING, Aug 24, 2010 (SinoCast Daily Business Beat via COMTEX) -- Lifan Motors, one of the automakers in China, is in talks with Subaru, an automobile division of Fuji Heavy Industries (FHI), over possible cooperation in automobile production, confirmed Liao Xionghui, sales general manager for Lifan Motors, lately. The proposed collaboration has won support from the municipal government of Chongqing, said Mr. Liao. The Chongqing-based company was reported to take part in the battle for a partnership with the FHI automobile unit, challenging a group of state-owned automakers such as China FAW Group Corporation, SAIC Group, and Beijing Automobile Works. Co., Ltd. Lifan Motors is on track to kick off financing and investment for the potential cooperation, according to Mr. Liao, without saying when the talks started or if there is any fruit in the talks. One of the privately-run automakers in China, Lifan Motors will leave part of the rights in procurement, manufacturing, marketing, and branding to its partner provided that it teams up with Subaru, pointed out market observers. Source: http://www.jjckb.xinhuant.com (August 24, 2010) Link to comment Share on other sites More sharing options...
MikeNH Posted August 25, 2010 Share Posted August 25, 2010 As long as the China-made cars stay there... Government does not solve problems; it subsidizes them -Ronald Reagan Link to comment Share on other sites More sharing options...
pillboy Posted August 26, 2010 Share Posted August 26, 2010 It now looks like it was designed there, it might as well be built there too. It is still ugly. Link to comment Share on other sites More sharing options...
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