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| | main (Site not responding. Last check: 2007-10-09) |
 | | China's auto giant FAW is expected to become involved in economy car production once it has controlling shares in Tianjin Automotive Xiali Co., the country's major economy car producer, following a deal signed in Beijing Friday. |
 | | Under the agreement, TAIC which controls Tianjin Automotive Xiali Co., will sell 60 percent of its shares in Tianjin Xiali Co., and 75 percent of the shares owned by the Chinese shareholders of Huali Co., to FAW, one of China's three biggest auto producers. |
 | | TAIC, which is based in the port city of Tianjin, north China, is capable of producing 230,000 cars, 270,000 engines and 10,000 large tractors annually, while FAW manufactured and sold about 400,000 cars last year. |
| www.tibetinfor.com.cn /en/news/2002/06/c063194.htm (329 words) |
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