In response to an initiative of Wuhan Hanyang District Federation of Trade Unions, 1,000 enterprises in Wuahan have pledged not to reduce salaries or defer payment to their employees with the aim of expanding domestic demand and promoting consumption.

Wuhan-based China Automotive Systems, a power steering components and systems supplier in China, has announced that its first global OEM customer is the Chrysler Group LLC, which is headquartered in North America.

Wuhan General Group, a leading manufacturer of industrial blowers and turbines in China, has entered into an asset purchase agreement with Wuhan Gongchuang Real Estate.

To broaden sources of income and reduce expenditure, Taiwan-based technology manufacturing group Hon Hai Precision Industry Company is planning to implement large-scale employee relocations to third-tier Chinese mainland cities that can offer preferential tax policies in addition to reducing its operating budget for 2009 by 20%.

International Building Technologies Group, Inc. has announced that the Chinese Government has granted approval for the company to acquire 88% of China based Wuhan Wufeng Machinery Manufacturing Company.

BASF opened a new concrete admixture plant in Wuhan to manufacture advanced concrete admixtures to benefit customers in central China's major provinces including Hubei, Hunan and Jiangxi.

Haixiang Wang, business development director for GKN Driveline's GKN Group in China, said the company will build a 44,000-square-meter plant scheduled to open during the first half of 2009 in Wuhan.

Cummins announced the opening of its first fuel systems manufacturing site outside of North America, the Cummins Fuel Systems Wuhan Plant.