TEL AVIV, March 1 (Reuters) - The Israel Corp (ILCO.TA) holding company said on Sunday the initial investment in its joint venture to build cars in China would be cut to $500 million for 2009-2010 from the originally planned $900 million.
Shanghai, October 15 (Gasgoo.com) Chinese vehicle manufacturer Chery Automobile Co announced on Wednesday that it would invest US$500 million to build an assembly plant in Turkey in cooperation with its Turkey distribution partner, Mermerler Group.
Chery exhibited its Riich X1, G5, M1, G6 and its Rely X5 at the Chengdu Motor Show. The Mini SUV X1 and G5 will be launched before the end of this year. Agencies and Shi Jierui contributed to this story
The Chery Fulwin2 measures 4,266 x 1,671 x 1,490mm with a 2,527mm-long wheelbase. Produced with a 1.5L engine, Fulwin2 has a maximum of 80kW power and 140Nm torque. The expected price range is between 50,000 yuan to 60,000 yuan. Agencies and Shi Jierui contributed to this story
Chery electric QQ3 is the same size as the QQ3(3,550x1,495x1,485mm), but has zero emissions. Though the price is expected to reach at least 100,000 yuan, analysts said people buying the electric QQ3 could get a 60,000 yuan subsidy from the government, and so getting the electric model wouild be a...
Chery A3 has rolled off the production line in Taiwan, and the model will enter the Taiwan market at the end of 2009. Featuring with a Chery 2.0L ACTECO engine, this model from Taiwan has six airbags and an ESP electronic stabilizer. Chery will take its G6 and G5 from the Chinese mainland to Taiw...
With an expected price of 40,000 yuan, Chery Karry's latest model Youyou has a 3,993mm-long body and a SQR472WF/ SQR472WC engine. Agencies and Shi Jierui contributed to this story
The general manager of Chery's sales department Ma Deyi confirmed Tuesday that the head of the company's R&D department Gu Lei has become the head of Beijing Automobile Works' R&D department. Gu began working at Chery in 2005, and was president of Chery's engineering and technological research in...
Anhui Jianghuai Automobile Co Ltd<600418>, a leading bus chassis manufacturer in China, Wednesday said there are no plans for a merger to take place between its parent company and Chery Automobile Co Ltd within the next three months, the Shanghai Daily reported.The State-owned Assets Supervision and...
Geely Automobile Holidngs<0175> and Chery Automobile Co Ltd, two major privately-owned auto makers in China, are planning to build factories in Indonesia, where costs are low, sources reported.Both auto makers have gained approval from local regulators in Indonesia and will invest about US$199.6 million in...