Russia: BAIC forms truck JV with local company AMS

Chinese vehicle manufacturer Beijing Automotive Group (BAIC Group) has formed a joint venture with Russian company AMS Auto. This JV, named BAW-RUS Automotive, entails total investment of US$176m, with registered capital of US$20m. According to a report carried by national news agency Xinhua, two companies in the BAIC Group – Beijing Subscribe to Automotive World … Continued

• By Webmaster
• July 20, 2011