Fuji Heavy Industries Ltd. and General Motors Corp.(GM) of the
United States will jointly produce minivehicles in China under
a new five-year business plan, Takeshi Tanaka, president of
the Japanese firm, said Wednesday.
Tanaka told reporters
his company and GM's Chinese unit plan to start marketing
the jointly produced cars in China by fiscal 2005. GM is Fuji
Heavy's largest shareholder.
The new business
plan, which covers a five-year period from fiscal 2001, also
calls for a joint project between Fuji Heavy and Suzuki Motor
Corp. to develop fuel-efficient small cars for sale in Europe.
In the Japanese
market, Fuji Heavy plans to put on the market by September
a new multi-seat wagon based on a model developed by GM's
Adam Opel AG and will be produced by GM's Thai plant for sale
under Fuji Heavy's Subaru brand.
(People's Daily
05/23/2001)
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