BEIJING Few years back, the exact timing is not clear as it occurred behind closed doors where the policy makers in Beijing cajoled car manufacturers into building joint venture brands with foreign partners that could give the Chinese side access to much-coveted foreign technology.
According to few Chinese car manufacturers now, with a few JV brands hitting the roads, they never got near the cutting-edge foreign technology."Take a product 20 years-old and tweak a few parameters, it's like displaying mutton but handing over dog's meat," Xu Liuping, chairman of Chinese state auto group Chongqing Changan Automobile CoHe said that "If this is can be counted as innovation, shame on the Chinese auto industry." Chongqing Changan Automobile is already running a venture with Ford Motor and Mazda Motor.Vcommindia News
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