UPS Inc. and FedEx Corp. have won licenses to begin domestic courier operations in China, Bloomberg reported.
September 11, 2012Government, Business, Equipment
Daimler鈥檚 China Venture to Build Engine Plant
Daimler AG and its joint-venture partner, China鈥檚 Beiqi Foton Motor Co., said they will build a $166 million plant with the capacity to make as many as 45,000 engines a year for its trucks to serve the fast-growing Chinese market.
July 19, 2012Government
Daimler, Foton to Begin China Truck Production in 3Q
Daimler AG and Beiqi Foton Motor Co.鈥檚 Chinese joint-venture will produce its first vehicle in the third quarter of this year, Daimler said.
February 21, 2012Government
Chinese Manufacturer Planning Heavy-Duty Truck for U.S., European Markets, Report Says
Chinese truck maker Beiqi Foton Motor Co. has launched a heavy-duty truck for the U.S. and European markets, the first Chinese model built for high-end overseas markets, the China Daily reported.
September 7, 2011Government
Chinese Truckers Protest High Diesel Prices
Truckers in China protested high fuel prices for a third day, the Wall Street Journal reported Friday.
April 22, 2011Government
China鈥檚 2010 Heavy-Duty Truck Sales May Top 1 Million
Sales of new heavy-duty commercial vehicles in China surged 83% from a year ago in the second quarter, ACT Research Co. reported.
September 8, 2010Government
China鈥檚 Sinotruk Reports Surge in First-Half Sales, Profit
China鈥檚 biggest heavy-duty truck maker, Sinotruk Hong Kong Ltd., said its first-half income surged 77% on higher demand for commercial vehicles, Bloomberg reported.
August 30, 2010Government
China Overtakes U.S. as World鈥檚 Largest Energy Consumer
Oil held over $76 a barrel Monday following three straight declines, and the Wall Street Journal reported that China has overtaken the United States as the world鈥檚 largest energy consumer.
July 19, 2010Government
China鈥檚 Dongfeng Motors to Build New Truck Plant
China鈥檚 Dongfeng Motor Group Co. will spend $146 million to build a heavy truck factory in that country鈥檚 Hubei province, Bloomberg reported.
May 26, 2010Government
Michelin Plans $300 Million Investment in China Tire Plant
Tire maker Michelin said plans to invest $300 million to make tires in China, Bloomberg reported.
March 30, 2007