Tuesday, July 10, 2007

Chinese-funded car plant to open in Angola - report

(Reuters) - Angola plans to begin producing cars later this year through a venture funded by a Chinese firm and based on technology from Japan's Nissan Motor Co., a state-run newspaper reported on Tuesday.

CSG Automovel-Angola, established with money from Hong Kong's China International Fund (CIF), will begin producing pick-ups, SUVs, compact cars and other vehicles in October at a factory on the outskirts of Luanda, the Jornal de Angola said.


Read more at Reuters Africa

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