Ford China to Layoff over One Thousand Employees Ford China has started layoffs and will compensate employees. The number of people affected exceeds 1,300.
Groupe Renault Establishes Joint Venture with Chinese EV-maker Groupe Renault and Jiangling Motors Corporation Group (JMCG) announced the official establishment of their joint venture on July 17. The aim is to further promote the development of the electric vehicles industry in China.
