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Jiangxi Isuzu
Jiangxi Isuzu Motors Co., Ltd. is a joint venture between Isuzu and Jiangling Motors Corporation Group (JMCG). The venture is headquartered in Nanchang, Jiangxi province. It is focused on the production and sale of Isuzu pickups and their engines for the Chinese market. History The first joint venture between Isuzu and Jiangxi Automotive Manufacturing Plant (which would later be renamed JMCG) was established in March 1983. Isuzu N-series trucks were manufactured from 1985 onwards. In 1993, when Jiangling Motors Corporation was spun off from JMCG, Jiangxi Automobile Manufacturing Co., Ltd. (a JMCG subsidiary), Itochu Trading and Isuzu created the Jiangling Isuzu joint venture to continue producing Isuzu-badged trucks for 20 years. JMCG owned a 75% stake and the rest was evenly distributed between Isuzu and Itochu. JMCG and Isuzu restructured their agreement in 2012, and the equally-owned Jiangxi Isuzu took charge of Isuzu production in April 2013. The first vehicle product of ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ...
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Jiangling Motors Corporation Group
Jiangling Motors Corporation Group Co., Ltd. (JMCG) is a Chinese state-owned holding mostly operating in the automotive industry. It was established in 1947 and is headquartered in Nanchang, Jiangxi. JMCG has various production facilities and, through shareholdings, maintains partnerships with other automotive manufacturers including Ford, Isuzu and Changan. History On 8 April 1947, JMCG was established as Nanchang Automotive Maintenance Plant. In April 1949, Nanchang Automotive Maintenance Plant was renamed as Nanchang Automotive Repairing Plant. In May 1958, it produced Yingxiong-bagded () three-wheeled vehicles. In the same year, it produced a 2.5-tonne Yingxiong truck. In 1968, it was renamed Jiangxi Automotive Manufacturing Plant and started the mass-production of commercial vehicles, mostly Jinggangshan-badged () light trucks using 1940s Soviet technology. In 1969, it also produced a small number of cars. The company focused production on commercial vehicles, although it ...
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Isuzu MU-X
The Isuzu MU-X is a mid-size SUV produced by Isuzu. It is a body-on-frame SUV based on the D-Max, and the successor to the MU-7. The name "MU-X" stands for "Multi Utility – eXtreme". __TOC__ Predecessor: Isuzu MU-7 (''510''; 2004) The predecessor to the MU-X, the Isuzu MU-7 is an Isuzu D-Max pickup-based SUV with a three-row seating arrangement. The MU-7 was released in Thailand in November 2004, being advertised as a "Sport Utility Wagon". The MU-7 has the same front fascia and chassis as the D-Max but has a covered rear end instead of a truck bed. Unlike the MU-X, the MU-7 retains the same wheelbase as the D-Max. It was only available in some markets such as Thailand, the Philippines and India. In the Philippines, this model is called the Isuzu Alterra. Since the early launch, the drivetrain choices are 4x2 and 4x4. All come with one engine: the 3.0 4JJ1-TC DDi iTEQ engine. A special suspension set reserved exclusively for MU-7 is called MOVE suspension. The front ...
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Internal Combustion Engine
An internal combustion engine (ICE or IC engine) is a heat engine in which the combustion of a fuel occurs with an oxidizer (usually air) in a combustion chamber that is an integral part of the working fluid flow circuit. In an internal combustion engine, the expansion of the high-temperature and high-pressure gases produced by combustion applies direct force to some component of the engine. The force is typically applied to pistons ( piston engine), turbine blades (gas turbine), a rotor (Wankel engine), or a nozzle ( jet engine). This force moves the component over a distance, transforming chemical energy into kinetic energy which is used to propel, move or power whatever the engine is attached to. This replaced the external combustion engine for applications where the weight or size of an engine was more important. The first commercially successful internal combustion engine was created by Étienne Lenoir around 1860, and the first modern internal combustion engine, known ...
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Isuzu D-Max
The Isuzu D-Max is a pickup truck manufactured since 2002 by Isuzu Motors. A successor of the Isuzu Faster/KB, the first and second-generation model shares its platform with the Chevrolet Colorado. The third-generation model shares its platform with the third-generation Mazda BT-50, which is produced in the same Isuzu plant in Thailand. In Australasia between 2003 and 2008, the D-Max was marketed as the Holden Rodeo, but then it was relaunched as the Holden Colorado. The Isuzu D-Max itself was also introduced during 2008, selling alongside the Holden-badged offering. The D-Max also has an SUV counterpart based on the same platform, which is the MU-7 for the first-generation model, and the MU-X for the succeeding generations. First generation (RA, RC; 2002) Market Thailand The D-Max pickup truck received its 2002 world premiere in Thailand. This location was chosen because GM-Isuzu had recently decided to close their small truck assembly plant in Japan and m ...
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Itochu
is a Japanese corporation based in Umeda, Kita-ku, Osaka and Aoyama, Minato, Tokyo. It is one of the largest Japanese ''sogo shosha'' (general trading companies). Among Japanese trading companies, it is distinguished by not being descended from a historical ''zaibatsu'' group, but by the strength of its textile business and its successful business operations in China. It has seven major operational divisions specializing in textiles, metals/minerals, food, machinery, energy/chemicals, general products/real estate, and ICT/financial business. Itochu was ranked 72nd on the 2020 list of Fortune Global 500 companies, with an annual trading revenue of US$100 billion. Itochu has been one of the most popular employers for graduates of top Japanese universities for over thirty years due to their high pay levels, stability and the diversity of opportunities available to employees. In 2019 and 2020, Itochu was ranked the most popular employer for college graduates. History P ...
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Jiangling Motors Corporation
Jiangling Motors Corporation Limited, abbreviated JMC, is a Chinese automobile manufacturer. According to company and press reports, the largest shareholder of JMC is Jiangling Investment, a company controlled equally by the state-owned enterprises Changan and Jiangling Motors Corporation Group (JMCG). History The history of Jiangling Motors Corporation (JMC) can be traced to a truck repair shop opened in Nanchang in 1947 which operated under the name Nanchang Motors Repair Factory. A JMC predecessor started assembling vehicles in 1968. The company was granted the approval of Jiangxi Province Economic Restructuring Commission to be reorganized to establish a joint stock limited company on February 20, 1993. JMC A shares and B shares were listed on Shenzhen Stock Exchange on December 1, 1993, and September 29, 1995, respectively. In the 1990s, Ford lost a bid against American rival General Motors for getting a joint venture deal with the Chinese manufacturer SAIC Motor. In ...
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Isuzu Elf
The is a medium duty truck produced by Isuzu since 1959. Outside Japan it is known as N series and Q Series. The range was originally mainly available in Japan and other Asian countries. Australia was another important market for the Elf and N series – to the extent that it was manufactured there from the 1970s using many local components. Since the early 1980s, it has also been sold and built in the United States (under the Chevrolet and GMC brand as a W-Series), and also as the Isuzu N-Series. Only North America receives the wide-cab version, competing with the Avia D90/D120, Hino Dutro, Hyundai HD65/HD72/HD78, Iveco Daily, Mazda Titan, Mercedes-Benz Vario, Mitsubishi Fuso Canter, Nissan Atlas, Renault D-Truck, Tata LPT 613, Toyota Dyna, and the ГАЗ-3310 Валдай. For the common Andinian market (including Chile and Peru), the truck has been assembled in the GM-Colmotores assembling plant in Bogotá, Colombia since 1991, with annual quantities already of 20,000 ...
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Jiangxi Province
Jiangxi (; ; formerly romanized as Kiangsi or Chianghsi) is a landlocked province in the east of the People's Republic of China. Its major cities include Nanchang and Jiujiang. Spanning from the banks of the Yangtze river in the north into hillier areas in the south and east, it shares a border with Anhui to the north, Zhejiang to the northeast, Fujian to the east, Guangdong to the south, Hunan to the west, and Hubei to the northwest. The name "Jiangxi" is derived from the circuit administrated under the Tang dynasty in 733, Jiangnanxidao (; Gan: Kongnomsitau). The abbreviation for Jiangxi is "" (; Gan: Gōm), for the Gan River which runs across from the south to the north and flows into the Yangtze River. Jiangxi is also alternately called ''Ganpo Dadi'' () which literally means the "Great Land of Gan and Po". After the fall of the Qing dynasty, Jiangxi became one of the earliest bases for the Communists and many peasants were recruited to join the growing people's revolut ...
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Nanchang
Nanchang (, ; ) is the capital of Jiangxi Province, People's Republic of China. Located in the north-central part of the province and in the hinterland of Poyang Lake Plain, it is bounded on the west by the Jiuling Mountains, and on the east by Poyang Lake. Because of its strategic location connecting the prosperous East and South China, it has become a major railway hub in Southern China in recent decades. As the Nanchang Uprising in 1927 is distinctively recognized by the ruling Communist Party as "firing the first gunshot against the evil Nationalists", the current government has therefore named the city since 1949 "the City of Heroes", "the place where the People's Liberation Army was born", and the most widely known "place where the military banner of the People's Liberation Army was first raised". Nanchang is also a major city, appearing among the top 150 cities in the world by scientific research outputs, as tracked by the Nature Index and home to Nanchang Universit ...
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Joint Venture
A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to access a new market, particularly Emerging market; to gain scale efficiencies by combining assets and operations; to share risk for major investments or projects; or to access skills and capabilities. According to Gerard Baynham of Water Street Partners, there has been much negative press about joint ventures, but objective data indicate that they may actually outperform wholly owned and controlled affiliates. He writes, "A different narrative emerged from our recent analysis of U.S. Department of Commerce (DOC) data, collected from more than 20,000 entities. According to the DOC data, foreign joint ventures of U.S. companies realized a 5.5 percent average return on assets (ROA), while those companies’ wholly owned and controlled affiliates ( ...
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JMCG
Jiangling Motors Corporation Group Co., Ltd. (JMCG) is a Chinese state-owned holding mostly operating in the automotive industry. It was established in 1947 and is headquartered in Nanchang, Jiangxi. JMCG has various production facilities and, through shareholdings, maintains partnerships with other automotive manufacturers including Ford, Isuzu and Changan. History On 8 April 1947, JMCG was established as Nanchang Automotive Maintenance Plant. In April 1949, Nanchang Automotive Maintenance Plant was renamed as Nanchang Automotive Repairing Plant. In May 1958, it produced Yingxiong-bagded () three-wheeled vehicles. In the same year, it produced a 2.5-tonne Yingxiong truck. In 1968, it was renamed Jiangxi Automotive Manufacturing Plant and started the mass-production of commercial vehicles, mostly Jinggangshan-badged () light trucks using 1940s Soviet technology. In 1969, it also produced a small number of cars. The company focused production on commercial vehicles, although it ...
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