Mitsubishi, Anhui Xingma tie up

Mitsubishi, Anhui Xingma tie up

TOKYO: Japan's Mitsubishi Fuso Truck and Bus Corp. is expected to tie up with Anhui Xingma Auto Co. of China to produce large trucks in China, news reports said on Saturday.

The Japanese truckmaker will initially outsource the production of trucks with load capacities of 10 tons or more to the Chinese partner before jointly establishing production within two or three years, the Nihon Keizai Shimbun said.

The production target is several hundred trucks this year and 1,500 for 2004, it said.

Mitsubishi Fuso will eventually start procuring parts from local suppliers and upgrade Xingma Auto's assembly plant before launching joint production, the report said. --AFP