Just like everywhere else in the world, the auto industry is hurting in the United Kingdom. According to new numbers, the there were produced 30% less cars in the UK in 2009 compared to 2008, in total, just under a million cars were produced in the UK in 2009, and 762,234 of these were exported.
Lifan Cars, a China-based auto manufacturing company is set to further expand its car export market and has eyed the Philippines as its next target. Already exporting cars to over 100 countries, Lifan Cars is planning to make a big splash in the Philippine market via its LF520 mid-size sedan.
LF520 has been exported to over 50 countries including Russia, Vietnam, Iran, Chile and Venezuela. Lifan Cars plans to introduce to the local market at least three car models this year.
Lifan Cars is a unit of China-based conglomerate Lifan Group with operations in the financial/banking sector, real estate, football industry and research and development.
Lifan Group has also been engaged in the production of trucks, buses, motorcycles, and car engines and subsequently ventured into automobile production.
(Source) GMA News
Tags: automobile production, car engines, car models, exporting cars, lifan group, manufacturing company, mid size, motorcycles, philippines, research and development, venezuela, vietnam