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Old 06-04-2014, 12:03 PM   #16
dragin
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Default Re: Hawtai Shengdafei (A25)

Quote:
Originally Posted by erik (laofan), cmvdc View Post
DMitra, do you think this will be the end of the Meiya products?
Hi Erik and Dmitra:

I think you both know that Meiya was a subsidiary of Tianjin Auto Industrial (Group) Co., Ltd., a state owned enterprise (see logo). TAIC once controlled the production of Xiali and Huali. But in 2002 FAW entered a joint venture with TAIC, in which it became the major shareholder of Xiali and Huali. Huali has since ceased production, and from what I understand FAW Tianjin is now the "controlling" interest in subsidiaries: Xiali, and Tianjin-FAW Toyota Motor Co..

I don't know what became of TAIC in the interim, but it seems this parent of Tianqi Meiya has died a slow death.

Adding to this Meiya's paltry sales numbers of the recent past, I was not surprised to see it absorbed by Hawtai. It seems to fit with Beijing's design for consolidation of the industry, and so Eric, the "Meiya" name, like Nanjing Auto, may just fade into the sunset, as they say.

I would appreciate hearing your thoughts on this.



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