Guangqi Toyota Engine to Increase Production Capacity.Tokyo, Japan, Oct 18, 2005 - (JCNN JCNN Japan Corporate News Network ) - Toyota Motor and Guangzhou Automobile Group announced on October 18 that they have reached an agreement to increase 2.0- to 2.4-liter automobile gasoline engine gasoline engine: see internal-combustion engine. gasoline engine Most widely used form of internal-combustion engine, found in most automobiles and many other vehicles. production by building a second plant at Guangqi Toyota Engine (GTE GTE General Telephone & Electronics GTE Génie Thermique et Énergie (French) GTE Gas Turbine Engine GTE Global Tropospheric Experiment GTE Geothermal Energy GTE Gas Turbine Efficiency plc (Sweden & USA) ), a joint venture they established in Guangzhou City, Guangdong Province Noun 1. Guangdong province - a province in southern China Guangdong, Kwangtung , in February 2004. The joint venture has a capacity to manufacture 300,000 engines annually, and the new plant will enable GTE to produce 500,000 units. The new facility will start producing crankshafts, camshafts, and other engine parts in mid-2006. Plans call for producing complete engines by year-end 2006. Toyota and Guangzhou Automobile have also agreed to raise GTE's capital by $75.7 million, with Toyota providing $52.99 million, by mid-2006. The Toyota group will own 70% of the joint venture, and Guangzhou Automobile the remaining 30%. Source: JCN JCN Japan Corporate News JCN Journal of Cognitive Neuroscience JCN Journal of Cardiovascular Nursing JCN Journal of Christian Nursing JCN Job Control Number JCN Journal of Child Neurology JCN joint communications network (US DoD) http://www.japancorp.net Copyright [c] 2005 Japan Corporate News Network. All rights reserved. |
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