Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Foton Consolidates in New Zealand

Foton Consolidates in New Zealand

The Foton Motor Company, China’s largest and most successful manufacturer of commercial vehicles, has rationalised its representation in the New Zealand market.

Ateco Automotive NZ has on May 1 taken over the importation and distribution of the Foton Tunland range of utility vehicles in addition to its pre-existing position with Foton light trucks.

Ateco will move quickly to expand its Foton dealer network in line with sales expectations, and to improve back up and service nationally.

Foton was founded in 1996 and has since produced well over five million vehicles. The company has been the number one-ranked commercial vehicle manufacturer in China for almost a decade and now ranks as the largest manufacturer of commercial vehicles in the world.

Foton works closely with a host of additional international partners, including some of the best-known component suppliers in the world such as ZF, Bosch and Continental.

The Foton Trucks range currently comprises two cab widths, two engines, three wheelbases and GVMs ranging from 4.5 to 8.5 tonnes (spec sheets available on request). At the heart of Foton’s light trucks are the leading-edge technology Cummins ISF3.8L and ISF2.8L engines.

All Foton trucks are covered by a three year 160,000km warranty, three years and 100,000km on Foton Tunlands and, in the unlikely event of problem, 24 hour a day seven days a week roadside assistance for all Foton vehicles.

Ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Company Results: Air NZ Rides The Tourism Boom With Record Full-Year Earnings

Air New Zealand has ridden the tourism boom and staved off increased competition to deliver the best full-year earnings in its 76-year history. More>>

ALSO:

New PGP: Sheep Milk Industry Gets $12.6M Crown Funding

The Sheep - Horizon Three programme aims to develop "a market driven, end-to-end value chain generating annual revenues of between $200 million and $700 million by 2030," according to a joint statement. More>>

ALSO:

Half Full: Fonterra Raises Forecast Milk Price

Fonterra Co-operative Group Limited today increased its 2016/17 forecast Farmgate Milk Price by 50 cents to $4.75 per kgMS. When combined with the forecast earnings per share range for the 2017 financial year of 50 to 60 cents, the total payout available to farmers in the current season is forecast to be $5.25 to $5.35 before retentions. More>>

ALSO:

Keep Digging: Seabed Ironsands Miner TransTasman Tries Again

The first company to attempt to gain a resource consent to mine ironsands from the ocean floor in New Zealand's Exclusive Economic Zone has lodged a new application containing fresh scientific and other evidence it hopes will persuade regulators after their initial application was turned down in 2014. More>>

Wool Pulled: Duvets Sold As ‘Premium Alpaca’ Mostly Sheep’s Wool

Rotorua business Budge Collection Limited (Budge) and sole director, Sun Dong Kim, were convicted and fined a total of $71,250 in Auckland District Court after each pleading guilty to four charges of misrepresenting how much alpaca fibre was in their duvets. More>>

Reserve Bank: Labour Calls For Monetary Policy To Expand Goals

Labour's comments follow a speech today by RBNZ governor Graeme Wheeler in which Wheeler sought to answer critics who variously say he should stop lowering interest rates, lower them faster, or that inflation-targeting should no longer be the primary goal of the central bank's activities. More>>

ALSO:

BSA Extension And Sunday Morning Ads: Digital Convergence Bill Captures Online Content

Broadcasting Minister Amy Adams has today announced the Government’s plans to update the Broadcasting Act to better reflect today’s converged market... The Government considered four areas as part of its review into content regulation: classification requirements, advertising restrictions, election programming and contestable funding. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news