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Title: China's JAC Motors unveils first vehicles assembled in Mexico
Source:
Xinhua
URL Source: http://news.xinhuanet.com/english/2017-03/30/c_136170946.htm
Published: Mar 30, 2017
Author: Liu
Post Date: 2017-07-01 21:21:34 by Anthem
Keywords: China, Mexico, trade
Views: 2111
Comments: 8
JAC Motors of China has presented the first two SUVs manufactured in Mexico. It happened after JAC signed an alliance with Giant Motors Latin America and the Inbursa financial group, owned by Mexican magnate Carlos Slim, which represents an investment of around 4.4 billion pesos (236 million U.S. dollars). "It is significant for us to see our company enter the North America market, where Mexico plays an important and strategic role. We want to use this to gradually update our products and position the brand in a mature market with potential niche," David Zhang, deputy director-general of JAC International, told Xinhua on Tuesday. The vehicles are being manufactured at a plant in Tepeapulco, in the central state of Hidalgo, which is expected to produce 10,000 vehicles over five years. Zhang said that JAC products, especially light trucks, are already accepted in Mexico. "We want to move forward step by step. First, we want to meet the demand of the Mexican market. There is a big market here and our SUV products are liked by young Mexican people, who will be our main consumers," he said. "We will then use this production base to extend our business to nearby countries, including all of Latin America and the Caribbean." Jose Luis Romo Cruz, secretary of economic development for the state of Hidalgo, said this investment would put Hidalgo back on the international automotive map. He said that China is a very important market for Hidalgo, which is seeking to bring Chinese investment toward the automotive, renewable energy, agricultural and aerospace sectors. "The challenge facing our state is the same (as) all of Mexico is facing. We are at a stage where we are seeking the best way to diversify our markets and not rely only on the U.S.," emphasized the official. "We are more than ready to receive Chinese investment." Poster Comment: These are thing Americans don't hear about from the media. Cluelessness about what is going on in the rest of the world economically is par for the course. It could be said that most Americans are clueless about what's going on economically right at home, so "it's all good."
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#1. To: Anthem (#0)
NAVISTAR, JAC RECEIVE JOINT VENTURE APPROVAL Chinese Government Approves Engine Joint Venture Business License for Navistar, Chinese Truck Maker Anhui Jianghuai Automobile Co. Ltd. (JAC) JV Will Leverage Navistar's Fuel Efficient Advanced 'Clean Engine' Emissions Technology for Chinese Commercial Truck Market; Companies to Submit Application for Truck JV this Fall BEIJING, Aug. 22, 2012 /PRNewswire/ -- Navistar International Corporation (NYSE: NAV) and Chinese truck maker Anhui Jianghuai Automobile Co. Ltd. (JAC) announced this week that the two companies have received formal approval from the Chinese government to move forward with their commercial engine joint venture. The joint venture will focus on meeting the emerging needs of the Chinese commercial truck market by providing JAC with access to Navistar's Euro IV and Euro V compliant technology. The JV also sets the stage for global export opportunities of JAC's light-, medium- and heavy- duty commercial trucks. (Logo: photos.prnewswire.com/prnh/20120127/MM32830LOGO-a) "Our joint venture with JAC represents a significant step in Navistar's global growth," said Troy Clarke, president Navistar Truck & Engine. "Consistent with our strategy, this partnership will leverage the assets and capabilities of both companies. We recognize the importance of the Chinese market and our joint venture with a strong partner such as JAC enables us to establish an immediate presence in China as we grow our business in the Asia Pacific region." "Our partnership with Navistar will bring cutting-edge diesel and commercial truck technology to our customers, as we deliver on our mission to make better products while we build a better society," said Mr. An Jin, chairman, JAC. "Durable, fuel efficient products will enable JAC to continue leading in the commercial vehicle market in China and to export globally." Navistar and JAC signed their joint venture agreements in September 2010 and since that time the companies have been setting things in motion for a swift and smooth launch upon formal government approval. Navistar has established a central China office in Shanghai, as well as satellite offices in Beijing and Hefei with a well-rounded team of Chinese nationals and U.S. and Brazilian employees who work closely with their JAC counterparts, gaining insight and understanding of the Chinese market. In Hefei, product development engineers from both companies have been collaborating on engine and vehicle design. Additionally, construction has started on a 93,000m2 machining and assembly facility, research and development center, and administrative offices in Hefei to support the new venture. Global Collaboration The engine joint venture represents the first phase of global collaboration between Navistar and JAC. The companies plan to formally submit their commercial truck joint venture application to the Chinese government later this fall. In addition, earlier this spring the two companies signed letters of intent (LOIs) to collaborate on design and production of light-duty commercial truck export opportunities for Navistar dealers in Brazil and Mexico. "We look forward to continuing our collaboration with Navistar beyond just our joint venture, but to create a truly 'global' partnership," Chairman An added. "By taking the best of both companies, together we can develop products in China for China, and in China for other markets around the world." Products The products slated for the joint venture include Navistar's MaxxForce® 3.2, 4.8, 7.2 and JAC's 2.8 4DA1 liter engines. The engines offer up to 118 kW power and 45.9 kgf.m torque @ 1,500-2,200 rpm; 140 kW power and 73.4 kgf.m torque @ 1,200-1,600 rpm,243 kW / 132.6 kgf.m @ 1,200-1,600 rpm, and 88wW/28.5 kgf.m @ 2,000-2,200 rpm respectively. All engines deliver quiet, fuel efficient operation. "From medium trucks to heavy trucks, from 2.8-liter engines on up to 15- liter engines, cab-over trucks to aero-nose trucks, Navistar has global expertise in a comprehensive portfolio of products," Clarke added. "Navistar has an array of truck and engine designs that will serve the Chinese commercial vehicle market today and innovative technologies for tomorrow as China's infrastructure and logistics needs continue to grow in the future." * In September 2010, Navistar signed a joint venture agreement with JAC to develop, build and market advanced diesel commercial engines in China. In August 2012, Navistar and JAC announced that they received formal approval from China's National Development and Reform Commission (NDRC) on the engine joint venture and the JV has received its business license. Later this fall, the two companies will submit their commercial truck joint venture for formal approval. Formation of the truck joint venture is subject to finalization of certain procedural steps and the finalization of certain ancillary commercial agreements among the parties. About Navistar Navistar International Corporation (NYSE: NAV) is a holding company whose subsidiaries and affiliates produce International® brand commercial and military trucks, MaxxForce® brand diesel engines, IC Bus™ brand school and commercial buses, and Navistar RV brands of recreational vehicles. The company also provides truck and diesel engine service parts. Another affiliate offers financing services. Additional information is available at www.Navistar.com/newsroom. About JAC Anhui Jianghuai Automobile Co. Ltd. (JAC) is principally engaged in the development, manufacture and sale of sport recreational vehicles, passenger cars, commercial vehicles and related parts. The company offers business vehicles under the brand name of Refine, light and heavy trucks, sports recreation vehicles (SRVs) under the brand name of Rein, carriage chassis and cars. jacen.jac.com.cn. All marks are trademarks of their respective owners. SOURCE Navistar International Corporation For further information: Navistar media contact U.S., Steve Schrier, +1-331- 332-2264, or Navistar media contact China, Rick Jiang, + 86 10 65393368, or JAC media contact China, Mr. Zhang Jian, +86 55 12296990, or Navistar Investor Contact, Heather Kos, +1 331 332 2406
How is PACCAR doing lately? I haven't followed them in a long time ('09). One of my high school buddies had a couple of Internationals: the Suburban type and a Scout. Near as you could come to a Soviet vehicle in the US back then.
Good, Just make certain you sell them in Tepeapulco, not here.
'68 IH Travelall, aka "Cornbinder" Way back when I had a 4 door PU about the same year and color. '66 IH 4X4 Crew Cab PU (Logging Crummy) They know about the important things such as who the Kardasians are sleeping with and where King Obama is vacaying at and with! What else matters?
Are Kang and Kodos having an affair? Is Kodos a transgender illegal alien? Is Obama the result of Homer's revenge anal probe on Kang? So much to know, so little interest.
Yep, that's it. My buddy had an orange Travelall, also 4WD. I should probably rate it as Spartan rather than Soviet, as it did get us to the mountains regularly without fail. And it had floor mats! (rubber ish).
Kang and Kodos are so 90's! Don't you keep up with the important stuff!
#2. To: A K A Stone (#1)
#3. To: Anthem (#0)
The vehicles are being manufactured at a plant in The vehicles are being manufactured at a plant in Tepeapulco, in the central state of Hidalgo, which is expected to produce 10,000 vehicles over five years. The vehicles are being manufactured at a plant in Tepeapulco, in the central state of Hidalgo, which is expected to produce 10,000 vehicles over five years., in the central state of Hidalgo, which is expected to produce 10,000 vehiclTepes over five years.
#4. To: Anthem (#2)
Internationals: the Suburban type
The D&R terrorists hate us because we're free, to vote second party
"We (government) need to do a lot less, a lot sooner" ~Ron Paul
#5. To: Anthem (#0)
These are thing Americans don't hear about from the media. Cluelessness about what is going on in the rest of the world economically is par for the course. It could be said that most Americans are clueless about what's going on economically right at home, so "it's all good."
#6. To: Justified (#5)
What else matters?
#7. To: hondo68 (#4)
#8. To: Anthem (#6)
Kang and Kodos
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