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Post Info TOPIC: GM creates joint venture to sell cars in Taiwan
Kevin


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GM creates joint venture to sell cars in Taiwan
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GM, Yulon Form Taiwan JV

By John Westbrook

WardsAuto.com, Jan 12 2005

The new company, expected to be operational in the year’s second quarter, initially will import and distribute Buicks, Opels and Cadillacs.


TAIPEI – General Motors Corp. and Yulon Motor Co. Ltd. have entered into a joint venture to assemble and distribute GM vehicles in Taiwan.

The partners will invest NT$2 billion ($62.5 million) to set up a new company, Yulon GM, with Yulon taking 51% controlling interest in the venture and GM holding 49%.

Yulon will control four seats on the new 7-man board of directors and will name the company's chairman and president. GM, with three board seats, will appoint the deputies.


http://wardsauto.com/ar/auto_gm_yulon_form/index.htm



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ifcar


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Taiwan's a good market, but they consider anything Corolla-sized and up to be a luxury vehicle, so if GM wants to sell anything in those segments they'll have to spice up their interiors.

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thewizard16


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RE: RE: GM creates joint venture to sell cars in T
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quote:
Originally posted by: ifcar
"Taiwan's a good market, but they consider anything Corolla-sized and up to be a luxury vehicle, so if GM wants to sell anything in those segments they'll have to spice up their interiors."

Interesting. I really don't know anything about the Taiwanese market. I'll have to look around on some sites, you've got me intrigued now.

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