综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Economy

Markets

Industries

Insights

Reports

Events

Piaggio studying JV in China for small vehicles

(Agencies)
Updated: 2008-07-31 16:36

Italian scooter maker Piaggio has signed a memorandum of understanding with China's Zongshen Industrial Group to look at the possibility of a joint venture for small commercial vehicles, it said on Tuesday.

The venture would be owned equally between the two companies and would develop three- and four-wheel Ape line vehicles in Chongqing in China, Piaggio said.

Piaggio already has a joint venture with Zongshen based in Foshan, in Guangdong province, which was set up in 2004 and produces two-wheelers.

Piaggio said that venture, Piaggio Zongshen Foshan, produced over 209,000 vehicles in 2007.

It said worldwide Piaggio sold around 92,000 three- and four-wheel vehicles in the first six months of 2008, up 8.9 percent on a year ago.