JMC Invests 197 Million Yuan for an Engine Project
JMC has announced that JMC board of directors has approved 197 million Yuan for J15 engine project. As it known, the project will put into operation in the first half year of 2015, and designed annual capacity is 50 thousand.
At reporter known, J15 is a gasoline engine which is prepared to introduce from Ford Auto. Because Changan Ford has obtained Ford production authority, and controlled supplier source, JMC shall share modules and research fee with Changan Ford before it purchasing China made accessories from Changan suppliers according to. At present, JMC has paid 40 million Yuan to Changan Ford before the project been put into effort. And the next phrase fee has not been paid until it actually happened. JMC Auto told media that JMC J15 engine will take 6 years from production to end. Sharing accessory will remain the same price for JMC with Changan Ford.
Besides, as reporter known from JMC, the company has decided to invest 50 million to found a subsidiary: JMC Auto Sales Co. JMC has invested the company all by its own capital, and vice president of JMC Qing LI will take the corporate representative and executive director of new company. According to regulation, new sales company will take response of wholesales and retails business of JMC and province certain service.
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