Auto Industry: China-made Changes to China-innovated
2010-01-26 Source：www.chinabuses.org
www.chinabuses.org: Currently, the cooperation for China auto manufacturers is more and more close. Many Chinese auto manufacturers clearly know that the positive cooperation is the only way to break through all of obstacles in competitive market of the world. A successful cooperation can make them stronger and stronger. Today, the global auto market situation is great thieves hang little ones. Hence, Chinabuses.org concludes several big auto mergers in recent years.
Chang'an Motor Corporation acquired major auto businesses from aircraft maker AVIC, including mini bus producers Hafei and Changhe. In return, AVIC gets 23 percent stake of Chang'an Motor. Through the cooperation, Chang'an Motor overtakes Dongfeng Motor as the third-largest motor group in China. Guangzhou Automobile Group Corporation bought 29 percent stake of Shanghai-listed automaker Changfeng Motor Co., Ltd for 1 billion yuan ($146.5 million). SAIC Motor Corp, the top Chinese auto group, paid 2.1 billion yuan to acquire Nanjing Automobile Corporation's entire vehicle and core component manufacturing assets. FAW Group Corporation bought 50.98 percent stake of Shenzhen-listed Tianjin Xiali Co., Ltd from its parent company Tianjin Automotive Industry Corp. In return, Tianjin Automotive Industry Corporation transferred 75 percent stake of Huali Automobile Co., Ltd to FAW. Huali Automobile Co., Ltd is another branch of Tianjin Automotive.
Through the successful cooperation, more and more China-made autos show at overseas market. The model of China-made will be changed to China-innovated.
Views:0Editor：Frederick
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