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China: Beiqi Foton, Cummins to inject funds into JV

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 It’s time to log … 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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