Re: BAIC plans to merge with another Chinese automaker
But we haven't heard anything more about the merger of BAIC and Soueast that was reported at the new year. Maybe its the pressure from Beijing to shrink the top 14 down to 10 companies as announced also at the start of the year.
But BAIC is already preparing a new production base in Hunan so its anyone's guess as to what will become of these talks.
And would you believe that Chrysler, the company that put BAIC on the map (with AMC), just declared bankruptcy.