SAIC Motor to Set Up Transmission Subsidiary
The new subsidiary is to be called SAIC Motor Automotive Transmission Ltd. It will have registered capital of CNY 1.6 billion.
All the businesses, employees, assets, and liabilities of Automobile Gear Works will be totally infused into the new subsidiary.
The new arm is to be engaged in the research and development, manufacturing, and provision of automobile transmission assembly both at home and abroad. It also focuses on the manufacture of automotive gearboxes used in the