Weichai Power to increase investment in Shaanxi Heavy Truck  [ China ]

Weichai Power Co., Ltd. announced that it will increase its investment in Shaanxi Heavy Truck Co., Ltd. Shaanxi Heavy Truck is capitalized at CNY 2,706.33 million, owned 51 percent by Weichai Power and 49 percent by Shaanxi Automobile Group Co., Ltd. An additional CNY 1 billion will be invested in the joint venture, with Weichai providing CNY 510 million and Shaanxi Automobile offering CNY 490 ...