Pages

Subscribe:

Monday, October 10, 2011

China’s JAC to Build New Car Factory in Brazil


Chinese automaker JAC Motors announced on Friday a new deal with its Brazilian operator SHC Group to build a new factory in Brazil's northeastern Bahia state, the company's first outside its home market.

JAC originally intended to invest US$600 million in building a plant in Brazil, but cancelled the project when the government increased taxes on cars with less than two-thirds domestic content, in its effort to protect local jobs.

Read more »

No comments:

Post a Comment