China: BAIC buys Swedish transmission plant’s tech

Beijing Automotive Industry Holding (BAIC) has acquired all of WEIGL Transmission Plant's equipment and technologies for €31m (US$42.5m). Xinhua, citing BAIC deputy general manager Ma Tongli, said that the equipment and technologies acquired from the Swedish transmission plant have allowed it to build a production line, which would have normally cost Subscribe to Automotive World … Continued

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• February 28, 2011