Nanjing and SAIC sign tie-up deal - China Car Forums
chinese cars - china car forums, chery, geely CCF - The Chinese Car Community China Car Forums - Zhonghua Junjie
Home :: Forums  :: Manufacturers :: Articles :: About Us :: Vendors :: Analysis Reports

Go Back   China Car Forums > Chinese Car Manufacturers > SAIC (Shanghai Automotive Industry Corporation)

ChinaCarForums.com is the premier Chinese Car Forum on the internet. Registered Users do not see the above ads.
Reply
 
Thread Tools Display Modes
Old 06-10-2007, 10:27 AM   #1
m14
 
Join Date: Feb 2006
Posts: 297
Exclamation Nanjing and SAIC sign tie-up deal

BEIJING (XFN-ASIA) - Nanjing Auto Group said it is open to further cooperation with Shanghai Automotive Industry Corp (SAIC) in the development of the MG Rover, the South China Morning Post reported, citing Nanjing Auto chairman Wang Haoliang.

Wang said any tieup has to suit the interests of MG Rover, adding that Nanjing Auto is not considering selling stakes to other parties.

Two years ago, Nanjing Auto outbid its SAIC for the assets and brand of the defunct UK-based automaker.

But SAIC shortly thereafter bought the intellectual property rights to MG's designs.
m14 is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 06-25-2007, 05:59 PM   #2
mgrovernut
 
Join Date: Feb 2006
Posts: 249
Default SAIC/ Nanjing set to merge?

Lot's of press articles going round in China that SAIC and Nanjing are set to merge due to pressure from the Chinese government. If anyone see's anything can they post it here as I think we might see some movement soon.

Apparantly one of the drivers for this may be that SAIC are unable to make engines for the Roewe 750 without resorting to spending hours and hours hand building each engine. According to some reports I've read they are struggling with engine manufacturing and miscalculated that they could figure out how to do it by the time they used up a stock of 10,000 K series engines they bought of MG Rover!

Now they are running out of engines and NAC are the only people with the tech to provide replacements in big enough volumes. if SAIC fail to do a deal they may even have to halt production of the Roewe 750 (or at least make about 5 a day by hand). That's pretty humiliating for SAIC if true.

The K series is actually highly advanced in a number of ways. It's produces a lot of power from a vry compact unit. Maybe that's part of the issue?
mgrovernut is offline   Reply With Quote
Old 06-25-2007, 06:02 PM   #3
mgrovernut
 
Join Date: Feb 2006
Posts: 249
Default

Goodbye Roewe?

http://new.quote.com/stocks/story.action?id=XFN175h2931

mgrovernut is offline   Reply With Quote
Old 06-27-2007, 01:44 PM   #4
BringIt
 
Join Date: Apr 2006
Posts: 507
Default

Wow, what a crazy twist to the situation!

If this news is true, it's mostly like for the best. Both sides should benefit greatly since I failed to see any down side to this. Hopefully this will speed up MG's coming to the US!!!

I don't see Roewe go away, but it does seem redundant. The market is not big enough for 2 new Chinese luxury car brands that are similar in design and engineering. Roewe can change directions and focus on comfort and luxury, while MG more sporty, that may be a good solution.
BringIt is offline   Reply With Quote
Old 06-27-2007, 04:56 PM   #5
mgrovernut
 
Join Date: Feb 2006
Posts: 249
Default

But why waste the money on Roewe when NAC own both Austin and MG which are both global brands. Far better to hand the Roewe development team and plans over to MG and Austin and just drop Roewe altogether.

Btw I note that a number of Chinese car makers including Geeley and Chery are talking to NAC about sourcing engines. Looks like Nanjing have hit the jackpot already!
mgrovernut is offline   Reply With Quote
Old 06-29-2007, 04:20 AM   #6
Raul
Senior Member
 
Raul's Avatar
 
Join Date: Feb 2006
Location: Finland
Posts: 547
Default

2007/06/27

Auto rivals work on merger

"Shanghai Automotive Industry Corp (SAIC) has again extended an olive branch to Nanjing Automobile Corp (NAC), SAIC's bidding rival for the MG Rover project two years ago, in a move that's believed to result in a merger of the two automakers.

SAIC Chairman Hu Maoyuan told a shareholders' meeting last week that both SAIC and NAC hope to best utilize the domestic and global resources, cooperate and complement each other and avoid redundant construction. Hu also said both Shanghai and Nanjing governments have supported the move. Shanghai Vice-Mayor Hu Yanzhao led a delegation to Nanjing two weeks ago to work it out.

The central government, which has been pushing for consolidation of Chinese automakers, has also endorsed a merger. While both SAIC and NAC have been talking about cooperation, no tangible progress has been made so far. NAC Chairman Wang Haoliang, former deputy Party chief of Nanjing, had earlier said his company never shut the door for cooperation with SAIC. He said NAC wishes to jointly run the MG Mingjue project. Negotiations will determine if NAC will give up the controlling stake in the project.

Shanghai-based National Business Daily reported that a central government document about the merger of SAIC and NAC has already reached the Shanghai Municipal Government. The document ratified NAC as the base for MG Rover production, without clarifying the exact stake of each side. Industry analysts say the upcoming merger will create a win-win situation for both. While it will make both automakers more efficient, it will help NAC ease its financial strains in expanding MG production and help SAIC better tackle the world market with the MG brand.

The two automakers vied for Britain's automaker MG Rover in 2005. While NAC won MG Rover's fixed assets such as production lines and technology, SAIC got its design blueprints for two car models - Rover 25 and Rover 75 - as well as the intellectual property rights for all Rover auto engines. With Rover technology, SAIC launched its Roewe model last year and started marketing the sedan early this year. NAC also started selling its Ming Jue sedans three months ago. It's a sports model based on MG technology."


- China Daily -
__________________
"It took Japan 40 years to become a great automotive nation. It took South Korea 20 years. I think it will take China as little as 10 to 15 years."

Giorgetto Giugiaro
Raul is offline   Reply With Quote
Old 06-29-2007, 05:27 PM   #7
Mega
 
Join Date: Sep 2006
Posts: 42
Default

Many MANY years ago i said this WOULD happen!
Mega
Mega is offline   Reply With Quote
Old 07-09-2007, 02:00 PM   #8
neko
 
Join Date: Feb 2007
Posts: 33
Default

Quote:
Originally Posted by mgrovernut
Will the new company be called Chinese Leyland? Seems to be going that way.... perhaps the Indians can buy portions of the company in a decade after Chinese Leyland flops and ship the factories (and former British machinery) to India. Sort of like the opium-tea trade for the 21st century.
neko is offline   Reply With Quote
Old 07-09-2007, 04:49 PM   #9
mgrovernut
 
Join Date: Feb 2006
Posts: 249
Default

I can see Ashok Leyland lining up their bid right now.
mgrovernut is offline   Reply With Quote
Old 07-27-2007, 10:39 AM   #10
mgrovernut
 
Join Date: Feb 2006
Posts: 249
Default SAIC to buy Nanjing (or if you can't beat them buy them)

SAIC cooperation with the leap (Yuejin) taken the first step, SAIC to eventually full integration into the South steam

http://auto.people.com.cn/GB/1049/6041112.html

PRC Shanghai, July 27 (Xinhua Shen Min) Today, Yuejin Automobile Group and the SAIC Group signed a letter of intent to cooperate. Under the Letter of Intent, Yuejin Automobile Group and the SAIC Group will be based on the principles of comprehensive cooperation, the establishment of a joint working group explore the auto, automobile parts, automobile service trade and other fields full cooperation and the possibility of the program, and the reorganization of assets related to the work to achieve the SAIC and the Southern Steam full integration.

Yuejin Group is the first Chinese car production one of the backbone enterprises, South subsidiaries of the Group of steam with a full range of automotive products research and development and manufacturing capacity. Under the Letter of Intent, Yuejin FAW Group and the Southern Group intends to conduct a reorganization of assets, Vehicle and parts of such businesses with SAIC for comprehensive cooperation. News analysis This will help improve the current SAIC "Rong-wei," and the Southern Steam "is Lord" two independent brands vehicle competition, for the integration of the two markets has laid a good foundation. SAIC is the world's top 500 enterprises. in 2006 to 1.34 million vehicle sales among the nation's first automobile enterprises, its holding 83.83% of a listed company Shanghai Automotive is China's biggest vehicle listed enterprises. As the controlling shareholder of the continued commitment of SAIC, Yuejin Automobile Group and the next group of assets to avoid a reorganization plan with Shanghai Automotive produced the same industry competition. They said that cooperation will be a strong alliance, it will be full cooperation. The two sides discussed cooperation on the basis of integration should be beneficial to both resources and accelerating autonomous capacity building; helps to reduce fixed assets investment, improving asset utilization efficiency; The two sides are conducive to the realization of enterprises optimize resource allocation, In research and development, procurement, production and sales of synergies; will enrich our product mix, improve our own brands, value, so as to achieve a win-win situation. The two sides to explore cooperation with the countries of the Yangtze River Delta regional economic cooperation guidelines with the automobile industry development policy, both business development and cooperation between the two sides explored has been two to the support of the government. Letter of Intent was signed, the two sides will set up a working group on the basis of the next step clearly the specific contents of the work, Fidelity launched the investigation and other related work.
mgrovernut is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

                    
All times are GMT -5. The time now is 09:27 AM.



Powered by vBulletin® Copyright ©2000 - 2020, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2020 DragonByte Technologies Ltd.