History
Changan Suzuki was formed in June 1993 with a registered capital of US$190 million. It was the first automobile manufacturing joint venture to be established by a Japanese company in China (although Isuzu Motors, Mazda and Nissan Motors had already established joint-ventures for truck assembly). The first SC7080 Alto, based on the Suzuki Alto/Fronte SB308 which was originally presented in 1986, rolled off the production line in November 1995. The car had already been produced by the Changan mother concern since 1991, and continued to be built by them until 1997. By the end of 2010 Changan Suzuki had over 1,000 car dealerships across China. In July 2011, it was announced that Changan Suzuki would build a second assembly plant in Chongqing, in a two-phase project. The first phase will involve a total investment of five billion yuan (US$777 million) and expand production capacity of vehicles and engines by 150,000 units each. Construction of the plant began in April 2012.
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Famous quotes containing the word history:
“Those who weep for the happy periods which they encounter in history acknowledge what they want; not the alleviation but the silencing of misery.”
—Albert Camus (1913–1960)
“The history of the genesis or the old mythology repeats itself in the experience of every child. He too is a demon or god thrown into a particular chaos, where he strives ever to lead things from disorder into order.”
—Ralph Waldo Emerson (1803–1882)
“History ... is, indeed, little more than the register of the crimes, follies, and misfortunes of mankind.
But what experience and history teach is this—that peoples and governments have never learned anything from history, or acted on principles deduced from it.”
—Georg Wilhelm Friedrich Hegel (1770–1831)