MORE WORLD MARKETS NEWS ASIA CHINA WORLD CONGRESS
Execs see partnership perks even as China opens market

International auto executives say they are in no rush to shake up their joint ventures with Chinese carmakers, despite Beijing's promise to loosen limitations on foreign investment. Regional bosses for Nissan, Ford and Toyota say they'll stick with partners for now.

China to scrap foreign ownership caps on automakers by 2022

The move is a major policy shift that will open the market wider to automakers such as Nissan and Tesla. It comes amid a trade standoff between Washington and Beijing, and signals the end of a 1994 rule in the biggest auto market that limits foreign automakers to a 50 percent share of any local venture.

Ford aims to rebuild trust with China partners as sales slip

After 20-odd years of "marriage" in China, Ford is preparing a product blitz and campaign to localize management to maintain and build trust with partners Changan Auto and Jiangling Motors Group. The goal: Reverse a sales slump and boost employee morale.


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