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[February 13, 2006]

Jinhua Young Man Automobile Wet Foot in Sedan Segment

(SinoCast Via Thomson Dialog NewsEdge)ZHEJIANG, Feb 13, 2006 (SinoCast via COMTEX) --Jinhua Young Man Automobile Group Co., Ltd., a Zhejiang-based automaker coveting the sedan segment for long, is expected to serve up its first model of sedan around June.

The Chinese automaker is set to make the new model in its passenger vehicle production base in Shandong, and it has begun recruiting distributors for the model.

Cui Wei, a senior executive of Shanghai Maple Automobile responsible for sales in the northern region, will take the helm of the passenger vehicle segment of Jinhua Young Man Automobile and will also take charge of sales of the to-be-debuted model.

Proton, a giant Malaysian automaker, has bee widely rumored to be one of the partners of the Zhejiang-based carmaker on the passenger vehicle project.

A source familiar with negotiations argued that the recent partnership is between the Chinese carmaker and Lotus Engineering, an affiliate of Proton.

Nonetheless, Lotus Engineering, famous for manufacture of roadsters, has no sedan models suitable for production in China.

The Zhejiang company will bring in existing models from Proton, a Proton employee disclosed.

The hookup has been more regarded as Proton's most recent move to attack the Chinese market, after it failed to win regulatory go-aheads for its proposal to create a production base in Humen of Guangdong in partnership another Chinese automotive company four years ago.

From dycj.ynet.com, Page 1, Friday, February 10, 2006
info@SinoCast.Com

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