GAC targets adding car production capacity in Europe
Guangzhou Automobile Group (SSE:601238) said it aims to add production capacity in Europe to support a planned large-scale car rollout in major markets such as France, via GAC France deputy CEO Cedric Lacour. Partner Magna (TSX:MG) currently produces the vehicles.
Guangzhou Automobile Group SSE:601238 is aiming to add production capacity in Europe to support its planned large-scale roll-out of cars in major markets such as France, GAC France deputy chief executive Cedric Lacour said on Monday. GAC's partner, Magna TSX:MG, currently produces the...