China: Subaru, Chery to set up joint facility – report

Citing Japanese media reports, the Beijing Daily said that Subaru and Chery will invest Yuan 3.66bn (US$365.7m) to set up a joint facility in Dalian, Liaoning. One publication, the Nihon Keizai Shimbun, has said that this joint venture plant will likely produce 50,000 vehicles a year by the end of the Subscribe to Automotive World … Continued

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• March 4, 2011