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Old 06-16-2018, 03:59 PM   #1
dmitra
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Join Date: Nov 2013
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Default END OF AN ERA: Changhe Suzuki Auto dissolved; Suzuki leaves Changan JV too

The curtain falls on a collaboration that stretches back four decades. Changhe introduced the Suzuki ST90V Carry-based CH730 in 1982. In 1995, Jiangxi Changhe Suzuki Automobile Co., Ltd. was established in China. Now, after 23 years, following years of mediocre performance, the Sino-Foreign Joint Venture has been dissolved. The Changhe Suzuki range had dwindled to variations of just one model, the Beidouxing, and the proposed production of the outgoing JB43 Jimny did not materialize.

The three Japanese shareholders Suzuki Motor Corp., Suzuki (China) Investment Co., Ltd. and Okaya & Co., Ltd. who held 25%, 21%, and 3% of the JV, have transferred all equity holdings to their Chinese partner Jiangxi Changhe Automobile Co., Ltd. on May 30, 2018.

Jiangxi Changhe Suzuki Automobile Co., Ltd. has been renamed Jiangxi Zhicheng Automobile Co., Ltd. (江西志骋汽车有限责任公司), and is now a 100% subsidiary of Jiangxi Changhe Automobile Co., Ltd.

Beijing Automotive Group Co., Ltd. currently holds 76.7% of Jiangxi Changhe Automobile.

http://www.globalsuzuki.com/globalnews/2018/0615.html
http://autonews.gasgoo.com/china_news/70014775.html

Updated corporate profile:
https://www.qichacha.com/firm_ee1b75...021e45706.html
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