China: Ford JV to acquire heavy truck OEM

Ford’s Chinese truck venture Jiangling Motors Corporation (JMC) is expanding into the heavy truck business through the acquisition of Taiyuan Changan Heavy Truck Company. The deal is contingent upon government approval. JMC currently builds light commercial vehicles and SUVs, including the Ford Transit. Ford holds a 30% stake in the company. “JMC’s acquisition It’s time to log … Continued

• By Webmaster
• August 8, 2012