Yasuyuki Yoshinaga, president of Fuji Heavy Industries Ltd., plans to push the Chinese government, in early January, for quick approval of a joint venture production deal with China's Chery Automobile Co.
"We want to reach a certain level of understanding by the time the current fiscal year ends (in March)," Yoshinaga told The Asahi Shimbun on Dec. 28.
Fuji Heavy, which makes Subaru cars, hopes to jointly manufacture 150,000 automobiles a year in Dalian starting in late 2013.
Yoshinaga said the venture will be instrumental to the prosperity of the local community and the development of the local auto industry, points he said he will emphasize in his meetings with Chinese officials.
"If there is no deal in sight by the end of the fiscal year (in March), we will have to postpone the planned start of production," Yoshinaga said.
Chinese media outlets have argued that it will be difficult to set up a new joint venture because Fuji Heavy and its leading shareholder, Toyota Motor Corp., are perceived as one and the same company in China.
"(Our management) is not under Toyota's control," Yoshinaga demurred.
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