Sep
09
China Car Maker FAW Plans to Enter New Market–North Korea
Posted in: UncategorizedThere is no shortage of strange news from North Korea. Only a shortage of electricity, food, skilled labor, education and basic human rights.
And that makes Chinese carmaker FAW’s plan to build an auto assembly plant in the impoverished country very strange.
According to South Korea’s Yonhap news agency, FAW, China’s No. 2 in volume and a joint venture partner of General Motors, Volkswagen and Toyota in China, has signed a letter of intent to build the plant in North Korea’s northeast, near the border with China and Russia.
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