JAC mulls Giant prospects in Mexico

Chinese firm sets sights on Central, South America

China's Anhui Jianghuai Automobile Co Ltd is teaming up with Mexican company Giant Motors Latinoamerica to localize its sport utility vehicles, but analysts doubt the wisdom of a move which will target customers in Mexico, and Central and South America.

Hidalgo State Governor Omar Fayad announced the cooperation at a news conference on Wednesday, saying that the two companies will invest a total of $212 million to expand the capacity of a plant owned by Giant Motors in Ciudad Sahagun, Hidalgo, AFP reported.