|
IMPERIAL venture to sell Chinese cars
05 June 2009
According to Business Report, IMPERIAL has acquired a 50% stake in McCarthy Automobile Distributors to create a joint venture import and distributorship company for Chinese cars in South Africa. The Chery and Foton brands will be marketed by the venture. Chery is the top vehicle brand in China. The chief executive of IMPERIAL subsidiary Associated Motor Holdings, Manny de Canha, said the firms have joined forces in order to have one distributor of their Chinese brands.
|