Chang’an Motor Corporation is to establish a car assembly plant in Pakistan, as part of a wider effort to increase sales outside China, where it operates a joint venture with Ford.
Chang’an CEO Xu Liuping has told media that he expects overseas sales will account for 15-20% of the company’s total sales, including those from its joint ventures, by 2010. The company is targeting 1.5m unit sales by 2010, which is more than double its total 2005 volume of 630,000, of which exports accounted for 15,000. 25,000 export units are targeted for 2006.
(www.asianage.com, 5 July)
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