Chinese vehicle manufacturer Beiqi Foton Motor has announced its intention to inject Yuan 340m (US$49.8m) into Beijing Foton Cummins Engine, its joint venture with engine manufacturer Cummins. Beiqi Foton holds a 50% stake in the JV. The move is aimed at easing the JV company's funds shortage, Xinhua said, citing a Subscribe to Automotive World … Continued
Chinese vehicle manufacturer Beiqi Foton Motor has announced its intention to inject Yuan 340m (US$49.8m) into Beijing Foton Cummins Engine, its joint venture with engine manufacturer Cummins. Beiqi Foton holds a 50% stake in the JV.
The move is aimed at easing the JV company's funds shortage, Xinhua said, citing a
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https://www.automotiveworld.com/articles/81957-china-beiqi-foton-cummins-to-inject-funds-into-jv/
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