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Beiqi Foton's plan to be in new battery firm boosts its shares

Business | Automobile
2009-10-27

SHARES of Beiqi Foton Motor Co jumped yesterday after the firm announced that it will be part of a new company which aims to be the nation's biggest producer of vehicle lithium battery. The commercial vehicle...

Beiqi Foton Motor Co Bonds sale to increase capital

Business | Automobile
2009-10-15

BEIQI Foton Motor Co plans to issue as much as 1 billion yuan (US$146.4 million) of five-year fixed-rate bonds. The nation's leading commercial vehicle maker said 400 million yuan from the bond sale would be used...

Farmers get 10% grant to replace old vehicles

Business | Automobile
2009-3-14

FARMERS will get a 10-percent subsidy of their car price if they replace their vehicles as part of the latest government stimulus moves to spur vehicle demand. From March 1 to the end of the year, farmers who opt...

Daimler to drive with Foton

Business | Automobile
2009-1-8

DAIMLER AG, the world's biggest truck maker, and Beiqi Foton Motor Co plan to form a 6.35-billion-yuan (US$929 million) venture in Beijing to make trucks and engines, Foton said in a statement to the Shanghai Stock...

Order boost

Business | Automobile
2008-12-31

BEIQI Foton Motor Co, China's biggest maker of commercial vehicles, rose to the highest in three weeks in Shanghai trading yesterday after winning an order for 450 hybrid buses from the Beijing government. The...

Plan to buy factory

Business | Automobile
2008-6-6

BEIQI Foton Motor Co, China's biggest maker of commercial vehicles, plans to buy an affiliate's factory for 9.3 million yuan (US$1.3 million) to ensure supplies of minibuses and minivans. The truck maker will...

Sichuan plant eyed

Business | Automobile
2008-3-14

Beiqi Foton Motor Co, China's biggest maker of commercial vehicles, plans to set up a new factory to extend its dominance over Dongfeng Motor Group Co in the world's fastest-growing vehicle market. Beiqi Foton...

Beiqi-Cummins tie up

Business | Automobile
2007-9-12

BEIQI Foton Motor Co, China's biggest commercial-vehicle maker, won approval to form an engine venture with Cummins Inc to tap rising truck sales in the world's second-largest auto market, Bloomberg News said. ...

Foton truck launches in Indonesia

Business | Automobile
2007-7-21

CHINA'S truck maker Beiqi Foton Motor Co made its debut in the Indonesian market by displaying its light truck at the 15th Indonesian International Motor Show this week. The Foton truck has a 2,771-cc diesel engine...

Truck producer turns a profit

Business | Automobile
2007-3-23

BEIQI Foton Motor Co Ltd said yesterday that it roared from a loss to a profit of 72.1 million yuan (US$9.33 million) last year after doubling its sales of heavy-duty trucks. Revenues rose 31 percent to 19.3 billion...