Chinese automotive group Lifan takes control of operations in Brazil
Chinese automotive group Lifan has decided to take control of its operations in Brazil, which had so far been the responsibility of importing company Effa Motors, which also sells the commercial vehicles of Chinese groups Hafei and Chang, the Brazilian press reported.
Beijing, Aug 24 Foreign car producers have begun taking control of their joint ventures in China and sidelining their Chinese counterparts from business partners to factory providers, a media report has said.