Automark

The State Bank of Pakistan started the Roshan Apni Car scheme with the collaboration of different Commercial Banks. The overseas Pakistani who want to deposit the amount in Roshan digital account car scheme can choose the foreign currency account or local currency account.

Financial Institutions offering Roshan apni car scheme:

Applicants for this scheme can apply through Roshan Apni Aar UBL, Roshan Apni Car HBL, Roshan Apni Car Faysal Bank, Roshan Apni Car Meezan Bank, Roshan Apni Car MCB Bank, Roshan Apni car BOP, Roshan Apni Car Bank AL Habib, Roshan Apni Car NBP Bank, Roshan Apni Car Alfalah Bank.
More local Banks are in process of internal policy which will be highlighted in the coming days / weeks. The above active Banks can be approached through their websites or email address available on social media.

• An initiative by State Bank of Pakistan to facilitate overseas Pakistanis having active Roshan Digital Accounts.
• Roshan Apni Car can be applied by Salaried Individuals, Business Men & Can also be offered to individuals wanting to Lien their amounts against car loan.
• The loan period / tenure is between One to Seven Years.
• Special K+ rates & Terms options are being offered by Different local Islamic & Conventional Financial Institutions with reference to SBP schedule rates.

Roshan Apni Car facility is available on Locally Manufactured Brand-New Vehicles only

Terms reference on Roshan Apni Car Conventional Bank (1).
Loan Size:
• Minimum PKR 200,000/- and Maximum PKR 7,500,000/-
Down Payment / Equity Requirement:
• Min 15% of Vehicle’s Value Up to Rs.6.0M Financing & Min 20% of Vehicle’s Value for Financing above Rs. 6.0M
• 0% Equity against Lien Based Financing
Financing Tenor:
• 2 – 7 Years for all vehicles
Eligibility criteria for Roshan Apni Car
• Must be Bank Roshan Digital Account Holder.
• Local Nominee in Pakistan is mandatory.

Lien Based Financing:
• 100% lien shall be marked equivalent to finance amount on Roshan Digital Account or Naya Pakistan Certificate till the maturity of loan.
• Minimum balance in Roshan Digital Account or investment in Naya Pakistan Certificate should be equivalent to finance amount.

Salaried:
• Minimum Age 21 Years to 65 Years at time of loan maturity
• U$D 3,000/- per month or equivalent
• Currently employed, with a total employment experience of 06 months

Self Employed Businessmen / Professional:
• Minimum Age 21 to 70 years at time of loan maturity
• U$D 4,000/- per month or equivalent
• Minimum 1 Years in current Business

• Documentation as per Segment

Lien Based Segment
• Only Basic Documentation
• Salaried Individuals
• Salary Slip / Salary Certificate
• Bureau Report of Country of Residence

Self Employed Individuals / Professionals:
• Tax Returns
• Commercial Registration Certificate (where applicable)
• 06 months Bank Statement or Income Verification Report
• Account Maintenance Certificate
• Bureau Report of Country of Residence

Remittance Based:
• Remitter Job / Income Proof
• Remitter Passport Copy
• 6 months remittance slips / 6 months Bank Statement of Remittee.

Terms reference on Roshan Apni Car Conventional Bank (2).

Roshan Apni Car (RAC) Facility for Roshan Digital Account (RDA) holders.
This facility would be offered to individuals having Roshan Digital Account (RDA) at Bank to purchase vehicle for himself / herself, or for his / her spouse, parents, or children living in Pakistan. The vehicle shall be registered in the name of applicant or co-applicant with HPA in favor of BANK, whether the facility is lien based or non-lien based.

Application stage procedure:
Customer will fill online application form and attach required documents on online portal. Customer’s information with attached documents shall be digitally transmitted to authorized person at CBD. The proposal shall be processed based on digitally transmitted data and documents. In case of any shortcoming / discrepancy, shall be resolved in coordination with the customer via email / phone call.
After approval of the facility, legal documents shall be dispatched first to
co-applicant, and then to applicant (overseas) for his / her signature. In case the customer is visiting Pakistan, documents shall be executed here as per existing practice, otherwise his / her signature shall be verified from BANK account instead of embassy endorsement. Product

Eligibility Criteria:
Non-Resident RDA holder with Resident (Spouse, Parent, or Children) co-applicant. Where the applicant is Resident, co-applicant is not necessary.
• Regular Salaried individuals with minimum 2 years experience of current employer
• Contractual Salaried individuals with minimum 3 years experience
• Self-Employed Professionals (SEP) and Business Individuals with minimum 3 years experience of similar business / profession.
• Holder of Permanent Resident Card / Nationality for Non-Gulf Countries, and Residency / Resident Card for Gulf Countries
• Having clear credit history in eCIB, Data Check, and credit report of country of stay (wherever possible)
• Minimum age at the time of application: 25 year
• Maximum age at maturity of financing: 60 years for salaried, 65 years for SEP and Business Individuals. For lien based facility, minimum experience shall not be applicable, whereas DBR may be up to regulatory requirement.

Product Pricing Lien Based or Variable Rates:
SBP Floor + 1.0% of Fixed Rates: COD* + 1.0% Non-Lien Based or Variable Rates: 1 Year KIBOR + 1.0% of Fixed Rates: Respective PKRV + 1.5% * Certificate of Deposit rate of Mahana Munafa Account for respective tenure to be applied.
Similar to KIBOR, SBP Floor and Respective PKRV of last working day of previous month shall be considered at the time of approval of the facility.
The facility shall be valid for 60 days from the date of approval. For lien based fixed rates, the tenure of financing shall be up to the maturity of deposit Insurance rates shall be arranged in line with SBP guidelines.
Co-Applicant for Non-Resident RDA holder, Resident Pakistani shall be added as co-applicant for vehicle registration and legal documentation purpose.

Minimum Net Monthly Income:
• Employed / Working in Gulf Countries: Equivalent to DHS 10,000/-
• Employed / Working in UK, USA, Canada, Australia, and countries where

BANK has branches / representative offices:
Equivalent to USD 3,000/- Conversion rate of foreign currency shall be calculated according to privilege exchange rate. Where the co-borrower is added for income clubbing as well, income requirement and verifications of the co-borrower shall be conducted in line with Apni Car product program. Where the co-borrower is added other than income clubbing, his/her income and related documents shall not be required. For lien based facility, minimum income requirement, and restrictions of stated jurisdictions shall not be applicable.

Required Documents:
• Valid copy of CNIC / SNIC / NICOP, Passport, Visa, and residency card / work permit.
• Recent photographs of applicant and co-applicant.
• Online application form
• Credit report from country of stay (wherever possible).

Income related Documents for Salaried:
• Latest 3 months salary slips
• Latest employment certificate with date of joining
• Last six month bank statement; where salary is being credited
• Contact detail of HR representative for verification of applicant’s

Credential (1) For Self Employed Professionals / Business Individuals:
• Valid proof of business setup / license / registration certificate
• Last six month bank statement For lien based facility, credit report from country of stay, and income related documents shall not be mandatory.

Approving Authorities Financing Amount Recommending Authority Approving Authority Up to Rs. 5mn N/A any three members of CBD CC Above Rs. 5mn and up to Rs. 10mn N/A GHB along with any three members of CBD CC Above Rs. 10mn GHB Sub-CC
Verifications: Verifications for lien based facility shall not be required. For non-lien based facility, following shall be observed;

• Verifications of current residence to be waived, however the residence address in Pakistan (where the co-borrower resides) to be verified.  Physical verification of office would not be possible, however confirmation be obtained via email wherever possible.

• Bank Statement Verification to be conducted through email address of respective bank.
• Telephonic Verification of office and from customer to be conducted wherever possible.
• Verification of income related documents; (2) For Salaried: To be verified from employer’s official email address (3) For SEP and Business Individuals: To be verified from registered business association’s email address / licensor (where available) the above mentioned addition shall also be applicable for Islamic Auto Finance under Diminishing Musharaka. All other product parameters of Apni Car Product Program shall remain unchanged.

Who will register & can receive the vehicle?

The applicant will give authorization to his family members: wife, children, mother, father and real siblings to receive the vehicle after dealing with the banks in Pakistan. And the vehicle will be registered in the name of your family member who made deal with the bank. (Terms & Conditions of Banks / Financing Institution may differ in some cases). The ultimate Goal of all Institutions are to accommodate maximum number of customers).

Priority Delivery of Roshin Apni Car.
In order to promote Local Assembled Vehicles Sales in current Covid situation & to promote Government’s / SBP Roshan Apni Car Scheme some local Vehicle Assemblers are taking bold steps by expediting deliveries of booked vehicles. (Vehicle Delivery Period may differ from Assembler to Assembler).

Dear viewers as SBP has initiated said lending on a broader spectrum with the supportof local Banks & local Automobile Assemblers a lot of improvements & ease in processes / terms & conditionwill be observed in the coming days.

The above information has been gathered from different media sources & hence any variation in figures / report is regretted in advance.

Note: Written by Aqeel Bashir for Automark, published in Automark Magazine June-2021 printed edition.

Pakistan Association of Automotive Parts & Accessories Manufacturers postponed the 2021 “Pakistan Auto Show-2021” in the wake of COVID-19 outbreak. The event was originally slated for July 2-5, 2021 at Karachi Expo Centre.

As per the association’s website www.paps.pk. the new dates for the show has been announced as 12- 14 November-2021. It is assumed that this future event will take place at the Karachi Expo Center on given dates, where postponed event has been planned.

Like other events around the country, the Karachi Auto Show is a great opportunity for attendees to witness many new vehicles all at one place, often without the hassle of dealing with sales personnel.

As per our sources most of the leading assemblers of cars, commercial vehicles and 2-3 wheelers have booked their spaces for this show while many leading parts manufacturers and accessories companies had booked spaces to exhibit their products.

Many Chinese companies had shown their interest and booked spaces. Organizer has planned to reserve a complete hall of Expo Center for the foreign exhibitors. Last year Chinese and foreign exhibitors could not attended the Pakistan Auto Show at Lahore due to the pandemic.

At Karachi Expo Centre, local government has established COVID-19 vaccine center since last month and due the ongoing vaccination process it will take a little longer to evacuate the center and availability of the hall for any current exhibitions.

Infection surges in Southeast Asia threaten global supply chains

Due to the commencement of the Movement Control Order (MCO) from 1 June-14 June 2021, sales activities at all PROTON outlets will temporarily cease starting Tuesday, 1 June.

Our service centres will continue to operate, and servicing of vehicles will be by appointment only. Bookings can be made by calling individual service centres or via the MyProton app. Walk-in customers will not be entertained.
For emergency cases, please contact our Customer Care hotline, for urgent assistance (available 24-hours). For inquiries, please send us an e-mail.

Malaysian automakers Proton may shut their production plant of SAG, X-70 and X-50 as Toyota Motor and Honda Motor already shut down production in Malaysia from 1st June, as the nation goes into a lockdown, raising concerns that surging coronavirus cases in Southeast Asia will cripple global supply chains.

Supply of Proton products including CBU units and CKD to Pakistan already effected due to pandemic and now this current lockdown will brings more halt, while production facilities equipments and other necessary plant related machinery may delay too.

According to official announcement at Proton website “Due to the commencement of the Movement Control Order (MCO) from 1 June-14 June 2021, sales activities at all PROTON outlets will temporarily cease starting Tuesday, 1 June.

Our service centres will continue to operate, and servicing of vehicles will be by appointment only. Bookings can be made by calling individual service centres or via the MyProton app. Walk-in customers will not be entertained.
For emergency cases, please contact our Customer Care hotline, for urgent assistance (available 24-hours). For inquiries, please send us an e-mail.”

Malaysia imposes a nationwide lockdown on Tuesday, shutting most industries through June 14. Auto manufacturers and steelmakers will be permitted to continue operating but may send only 10% of their employees to work, while electronics, chemical and pharmaceutical companies will be limited to 60%.

Malaysia, Thailand and Vietnam, countries that previously avoided the worst of the pandemic, are now seeing rapid increases in infections. The region serves as a key manufacturing hub for intermediate goods as companies shift production away from China. Now the surging cases are threatening to disrupt global manufacturing.

PROTON in April-21 began work on a further addition to their Tanjung Malim plant. The company performed a ground breaking ceremony for a new stamping facility that will complement the existing lines. This expansion will house a new Super large press machine to further enhance stamping abilities. More significantly, it is part of PROTON’s overarching plan to increase levels of localisation, both for current and future models.

With an investment of RM 200 million, this new facility is part of PROTON’s plan to make Tanjung Malim a world class manufacturing plant. This is on top of the RM 1.2 billion that was spent previously. The new press will allow for the stamping of much larger pieces of bodywork and other parts.

The company says that this investment is part of its growth strategy as well as for future planning as it is designed to allow for the manufacturing of more model lines. It is also in line with PROTON’s technology strategy as the new area will include state-of-the-art tools as well as systems.

New daily infections in Malaysia have nearly doubled over the past week as low vaccination rates lead to the spread of contagious variants. Reported cases reached a record of 9,020 on Saturday, or more than 200 per 1 million people — a higher rate than in India, which has only recently shown signs of improvement from one of the world’s worst outbreaks.

Infections have trended upward in Thailand since March, when a cluster of cases tied to a more infectious variant first found in the U.K. was detected in a Bangkok nightlife district. Taiwan’s New Kinpo Group halted operations at a printer and telecommunications equipment factory in Thailand on May 20 after an outbreak was detected there.
Meanwhile, a “hybrid” with traits from the U.K. and India variants has been found in areas of northern Vietnam that are packed with industrial parks, and authorities are increasingly worried about the threat to supply chains.

Thailand is the region’s largest car manufacturing hub, from which Toyota and other Japanese automakers export finished vehicles to elsewhere in Southeast Asia as well as markets in the Middle East and Oceania. Vietnam is a top manufacturing center for Samsung Electronics, supplying handsets to markets as distant as Europe and the U.S.
In Thailand, a few factories on the end of supply chains were forced to close due to outbreaks among workers. Medical glove manufacturer Sri Trang Gloves shut its plants indefinitely in the southern cities of Trang and Surat Thani on orders from authorities, after 41 employees tested positive for COVID-19.

The company had benefited from higher demand for latex gloves during the pandemic. The two factories have a combined production capacity of 1.9 billion pieces per year, accounting for around half of Sri Trang Gloves’ total capacity.

Charoen Pokphand Foods, the food-processing arm of Thailand’s largest conglomerate, is closing a poultry processing plant roughly 100 km north of Bangkok for five days until Thursday. Two hundred forty-five out of 5,800 workers at the closed plant had tested positive as of Sunday. CP Foods’ 18 other food-processing and feed factories will continue operating as normal, according to the company.

The 10-member Association of Southeast Asian Nations has become an increasingly important producer and exporter of intermediate goods in recent years. The annual added value of exports from nine ASEAN members more than doubled in the decade through 2019, according to Mizuho Research & Technologies, the sharpest rise among the five main global regions studied. The region held a 10.5% share of this added value.
Asia had endured fewer coronavirus cases than the U.S. and Europe until recently. But the region recently reported more than 210,000 new daily infections, more than 40% of the worldwide total, with slow vaccine rollouts seen as a major factor.

Infrastructure transformation enables enhanced data-driven capabilities and faster and better-informed decision-making

Karachi, Pakistan –xx 2021: IBM (NYSE: IBM) and GBM Pakistan (Private) Limited (GBM Pakistan), an IBM Business Partner, today announced that Honda Atlas Cars Pakistan (Honda Pakistan) has selected IBM Systems and IBM Storage solutions to run its real-time planning solution, based on SAP S/4HANA. The move was designed to enhance customer experience across Honda Pakistan’s 35 dealerships in the country and boost its after-sales services. Today, Honda Pakistan benefits from an approximately 80% acceleration in spare part planning for its customers.

Honda Pakistan is a joint venture between Honda Motor Company Limited and the Atlas Group of Companies and produces over 50K units per annum. In 2015, it turned to IBM Global Business Services (GBS) to deploy its initial SAP ECC Enterprise Resource Planning (ERP) system to benefit from real-time planning and in turn, improve customer experience.

Recently, IBM GBS completed an IBM HANA Impact Assessment, which helped Honda Pakistan plan for the technical and operational requirements of the SAP S/4HANA move. To further enhance and nurture long-term customer loyalty, the company decided to revamp its after-sales services, which include maintenance, repairs, and vehicle servicing and collaborated with IBM and GBM Pakistanto implement IBM Power Systems and IBM FlashSystem Storage for its new SAP S/4HANA environment.

“In just a few years, rapid economic growth in Pakistan has caused dramatic changes both in the competitive landscape and consumer expectations,”Mr. Maqsood-ur-Rehman Rehmani Vice President, Honda Pakistan. “At Honda Pakistan, customer experience lies at the core of everything that we do and our after-sales service is no different. It is incredibly important for maintaining customer loyalty which is why we have turned to IBM processing and storage solutions and GBM Pakistan to revamp our services and further enhance customer satisfaction.”

Through the deployment of IBM Power Systems, Honda Pakistan today benefits from optimized performance and real-time planning. It also was able to drive up server utilization and reduce its spending on power and cooling in its data center.

As part of the transformation, Honda Pakistan also moved SAP S/4HANA to the IBM FlashSystem 5000 for fast access to its growing data volumes. With the addition of the FlashSystem and the greater availability to data the company is able to fuel analytics to make better-informed decisions, more quickly. In the past, generating reports on spare parts orders from its dealerships across Pakistan required up to 20 minutes to complete. Today, this process only requires a few minutes—a reduction of approximately 80 percent, freeing up the time of employees for more strategic initiatives.

“In a growing sector like the automotive industry in Pakistan, digital transformation and implementation of new technologies such as IBM Power Systems and IBM FlashSystem storage determines how much data can be stored and how fast it can be transmitted, processed and accessed,”says Asif Ahmad, Country General Manager, IBM Pakistan. “The improvement in efficiency for Honda Pakistan’s unique business requirements truly demonstrates the importance of continuing to evolve technology provisions within enterprises.”

“We are delighted to be announcing yet another landmark IT project, this time for a leading automotive company, Honda Pakistan,”said Saqib Ahmad Khan, Country General Manager, GBM Pakistan. “Honda Pakistan has been taking bold, innovative steps to redefine customer experience, and this project is yet another testament to the company’s commitment to its customers.”

GBM Pakistan is a member of IBM PartnerWorld, IBM’s partner program that empowers businesses with the tools and resources they need to help transform clients into industry leaders.

• Press Release

Most of the Automobile concerns might know that the Registered Journey of Automobile started from UK back in 1860. Most of the intellectuals worked on the development of a successful Vehicle which could serve the need of the time. As the Journey Started from UK it went on in West (US), Europe (France & Germany), Asia Pacific & so on. Only successful Brands were heard whereas many merged into renowned brands or role down their private projects.

Automobiles successful Market has been revolving from UK, US, Germany, France, Japan, Korea & Now CHINA / Asia Pacific. Companies more or less have been learning from Top seller’s success stories. Almost every follower enhanced features & technology in-accordance to market demand by the passage of time. Companiesfocusing on R&D made it in the top Club of Big producers / sellers.

Today’s Automobile Companies are focusing on innovation based on mainly Safety, Comfort, Luxury& Economy.  There was a time when vehicles were sold through huge advertisements whereas now a days vehicles are sold based upon its Reputation / customer experience of Dealership & Product it-self.

This is the list of the 15 largest publicly-traded car manufacturers by market capitalization as of 23 January 2021, according to CompaniesMarket.

Share Holdings:

It is common for automobile manufacturers to hold stakes in other automobile manufacturers. These ownerships can be explored under the detail for the individual companies.

Notable current relationships include:^{[citation needed]}

• Daihatsu holds a 25% stake in Perodua.^[45]
• Daimler holds a 10.0% stake in KAMAZ.
• Daimler holds an 89.29% stake in Mitsubishi Fuso Truck and Bus Corporation.
• Daimler holds a 3.1% in the Renault-Nissan Alliance, while Renault-Nissan Alliance holds a 3.1% share in Daimler AG.
• Daimler holds a 12% stake in BAIC Group, while BAIC Group holds 5% stake in Daimler.^[46]
• Daimler holds an 85% stake in Master Motors.
• Dongfeng Motor holds a 12.23% stake and a 19.94% exercisable voting rights in PSA Groupe.
• FAW Group owns 49% of Haima Automobile.
• FCA holds a 10% stake in Ferrari.
• FCA holds a 67% stake in Fiat Automobili Srbija.
• FCA holds 37.8% of Tofaş with another 37.8% owned by Koç Holding.
• Fiat Automobili Srbija owns a 54% stake in Zastava Trucks.
• Fiat Industrial owns a 46% stake in Zastava Trucks.
• Fujian Motors Group holds a 15% stake in King Long. FMG, Beijing Automotive Group, China Motor, and Daimler has a joint venture called Fujian Benz. FMG, China Motor, and Mitsubishi Motors has a joint venture called Soueast, FMG holds a 50% stake, and both China Motor and Mitsubishi Motors holds an equal 25% stake.
• Geely Automobile holds a 23% stake in The London Taxi Company.
• Geely Automobile holds a 49.9% stake in PROTON Holdings and a 51% stake in Lotus Cars.^[47]
• Geely Holding Group holds a 9.69% stake in Daimler AG.^[48]
• Geely Holding Group holds an 8.3% stake and a 15.9% exercisable voting rights in Volvo.
• General Motors holds a 93% stake in GM India and SAIC Group holds a 7% stake.
• General Motors holds a 94% stake in GM Korea and SAIC Group holds a 6% stake.
• General Motors holds a 20% stake in Industries Mécaniques Maghrébines.
• Isuzu owns 10% of Industries Mécaniques Maghrébines.
• Mahindra & Mahindra holds a 70% stake in SsangYong Motor .
• MAN SE holds a 17.01% voting stake in Scania.
• Marcopolo owns 19% of New Flyer Industries.
• Mitsubishi Group holds 20% of Mitsubishi Motors.
• Nissan owns 34% of Mitsubishi Motors since October 2016,^[49] thus having the right to nominate the chairman of Mitsubishi Motors’ board and a third of its directors.^[50]
• Nissan owns 43% of Nissan Shatai.
• Porsche Automobil Holding SE has a 50.74% voting stake in Volkswagen Group. The Porsche automotive business is fully owned by the Volkswagen Group.
• Renault and Nissan Motors have an alliance (Renault-Nissan Alliance) involving two global companies linked by cross-shareholding, with Renault holding 43.4% of Nissan shares, and Nissan holding 15% of (non-voting) Renault shares.
• Renault holds a 25% stake in AvtoVAZ
• Renault holds an 80.1% stake in Renault Samsung.
• SAIPA holds a 51% stake in Pars Khodro.
• Tata Motors holds a 100% stake in Jaguar Land Rover.
• Toyota holds a 100% stake in Daihatsu.
• Toyota holds a 50.1% stake in Hino.
• Toyota holds a 5.9% stake in Isuzu.
• Toyota holds a 5.05% stake in Mazda, while Mazda holds 0.25% stake in Toyota.^[51]
• Toyota holds a 16.7% stake in Subaru Corporation, parent company of Subaru.
• Toyota holds a 4.94% stake in Suzuki, while Suzuki holds 0.2% stake in Toyota.^[52]
• Volkswagen Group holds a 99.55% stake in the Audi Group.
• Volkswagen Group holds a 37.73% stake in Scania (68.6% voting rights), a 53.7% stake in MAN SE (55.9% voting rights), Volkswagen is integrating Scania, MAN and its own truck division into one division.
• Paccar has a 19% stake in Tatra.
• ZAP holds a 51% stake in Zhejiang Jonway.

Joint ventures

China joint venture

Beijing Automotive Group has a joint venture with Daimler called Beijing Benz, both companies hold a 50-50% stake. Both companies also have a joint venture called Beijing Foton Daimler Automobile.

• Beijing Automotive Group also has a joint venture with Hyundai called Beijing Hyundai, both companies hold a 50-50% stake.
• BMW and Brilliance have a joint venture called BMW Brilliance . BMW owns a 50% stake, Brilliance owns a 40.5% stake, and the Shenyang municipal government owns a 9.5% stake.
• Changan Automobile has a joint venture with Groupe PSA (Changan PSA ), both hold a 50-50% stake.
• Changan Automobile has a joint venture with Suzuki (Changan Suzuki ), both hold a 50-50% stake.
• Changan Automobile has a 50-50% joint venture with Mazda (Changan Mazda ).
• Changan Automobile and Ford have a 50-50% joint venture called Changan Ford.
• Changan Automobile and JMCG have a joint venture called Jiangling Motor Holding.
• Chery has a joint venture with Jaguar Land Rover called Chery Jaguar Land Rover, both companies hold a 50-50% stake.^[53]
• Chery and Israel Corporation has a joint venture called Qoros, both companies hold a 50-50% stake.
• Dongfeng Motor and Nissan have a 50-50% joint venture called Dongfeng Motor Company.
• Dongfeng Motor and PSA Group have a 50-50% joint venture called Dongfeng Peugeot-Citroen .
• Dongfeng Motor has a 50-50% joint venture with Honda called Dongfeng Honda .
• Dongfeng Motor has a joint venture with AB Volvo called Dongfeng Nissan-Diesel .
• Dongfeng Motor has a 50-50% joint venture with Renault named Dongfeng Renault in Wuhan, which was founded in the end of 2013
• FAW Group and General Motors has a 50-50 joint venture called FAW-GM.
• FAW Group has a 50-50 joint venture with Volkswagen Group called FAW-Volkswagen .
• FAW Group has a 50-50 joint venture with Toyota called Sichuan FAW Toyota Motor and both companies also have another joint venture called Ranz .
• General Motors and SAIC Motor, both have two joint ventures in SAIC-GM and SAIC-GM-Wuling.

By Chinese Companies out of China.

Daimler AG and BYD Auto have a joint venture called Denza, both companies hold a 50-50% stake.

• Daimler AG and Geely Holding Group have a joint venture called smart Automobile, both companies hold a 50-50% stake.^[54]
• Ford and Navistar International have a 50-50 joint venture called Blue Diamond Truck .
• Ford and Sollers JSC have a 50-50 joint venture called Ford Sollers .
• Ford and Koç Holding have a 50-50 joint venture called Ford Otosan .
• Ford and Lio Ho Group have a joint venture called Ford Lio Ho, Ford owns 70% and Lio Ho Group owns 30%.
• General Motors and UzAvtosanoat have a joint venture called GM Uzbekistan, UzAvtosanoat owns 75% and General Motors owns 25%.
• General Motors, AvtoVAZ, and EBRD have a joint venture called GM-AvtoVAZ, Both GM and AvtoVAZ owns 41.61% and EBRD owns 16.76%.
• Hyundai Motor Company and Kibar Holding has a joint venture called Hyundai Assan Otomotiv, Hyundai owns 70% and Kibar Holding owns 30%.
• Isuzu and Anadolu Group have a 50-50% joint venture called Anadolu Isuzu .
• Isuzu and General Motors has a 50-50% joint venture called Isuzu Truck South Africa .
• Isuzu, Sollers JSC, and Imperial Sojitz have a joint venture called Sollers-Isuzu, Sollers JSC owns 66%, Isuzu owns 29%, and Imperial Sojitz owns 5%.
• Mahindra & Mahindra and Navistar International have a joint venture called Mahindra Trucks and Buses Limited . Mahindra & Mahindra owns 51% and Navistar International owns 49%.
• Mahindra & Mahindra has a joint venture with Ford Motor Company in India, where Mahindra & Mahindra owns 51% and Ford owns 49%.
• MAN SE and UzAvtosanoat have a joint venture called MAN Auto-Uzbekistan, UzAvtosanoat owns 51% and MAN SE owns 49%.
• Navistar International and JAC has a joint venture called Anhui Jiaghuai Navistar .
• PSA and Toyota have a 50-50% joint venture called Toyota Peugeot Citroen Automobile Czech .
• PSA and CK Birla Group (AVTEC) have a 50-50% joint venture called PSA AVTEC Powertrain Pvt. Ltd.
• Sollers JSC is involved in joint ventures with Ford (Ford Sollers ) and Mazda to produce cars.
• Tata Motors also formed a joint venture in India with Fiat and gained access to Fiat’s diesel engine technology.
• Tata Motors and Marcopolo have a joint venture called Tata Marcopolo, where Tata owns 51% and Marcopolo owns 49%.
• Volvo Group and Eicher Motors has a 50-50% joint venture called VE Commercial Vehicles.

The above information has been gathered from different Media sources, Hence any variation in stated information is regretted in Advance.

Bentley has announced that it has passed the symbolic milestone of 200,000 cars having left the factory since the brand was founded in 1919. And the 200,000th is a hybrid Bentayga, symbolizing the electric transition of the British manufacturer.

Incredibly, more than three quarters of these 200,000 cars have been produced in the last 18 years. And in fact 85 cars currently roll off the Bentley production line every day.

That’s the number of cars the brand was producing every month just 20 years ago. Each car is still carefully assembled by hand, as has been the tradition for over 100 years.

Bentley announced earlier that it will only produce electric cars from 2030.
For the purposes of communicating on this milestone, Bentley decided to have this Bentayga posed next to the EXP2, the oldest Bentley in history.