Latest BAIC deal bolsters gearbox tech in own brands
By Xu Xiao | China Daily | Updated: 2011-02-28 07:44
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Potential customer checks BAIC's first independent model, the BC301Z. The company has made a range of moves to strengthen its solely owned technology and brands. Provided to China Daily |
Beijing - Domestic automaker Beijing Automotive Industry Corp (BAIC) recently announced that it acquired all equipment and core technologies of Weigl Transmission Plant AB, a Swedish gearbox maker, for 31 million euros ($42.8 million).
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