Bus-maker to double output

PUBLISHED : Thursday, 14 May, 1998, 12:00am
UPDATED : Thursday, 14 May, 1998, 12:00am


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The output value of Xian Silver Bus Corp in the northwestern city of Xian is expected to rise to one billion yuan this year from 580 million yuan last year. A company official said the firm, a joint venture between Sweden's Volvo Bus Corp and Xian Aircraft Industry, planned to produce 500 large and middle-sized buses this year. It was expected to produce 1,500 buses in 2000, he said, adding it had sold more than 500 luxury buses since it was set up in 1994.