Japanese carmaker Daihatsu is facing new economic difficulties on the Chinese Market. The company has announced its withdrawal from the joint business with its Chinese partner, FAW Jilin Automobile Co.
The joint-venture (FAW Daihatsu (Jilin) Body Parts Co., Ltd. – FDJB) was established to manufacture automotive parts and Daihatsu Motor Co. owned 50% of it. This stake will now be transferred to FAW Jilin Auto, as a result of a change in the Japanese automaker’s sales plan for Chin… (read more)