BAIC plans to merge with another Chinese automaker - 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 > Beijing (BAIC) Motor

ChinaCarForums.com is the premier Chinese Car Forum on the internet. Registered Users do not see the above ads.
 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 01-25-2008, 11:13 AM   #1
CCF mod
Senior Member
 
CCF mod's Avatar
 
Join Date: Feb 2007
Location: Slovenia, Europe
Posts: 15,958
Exclamation BAIC plans to merge with another Chinese automaker

Is that going to be Soueast Auto?

Quote:
January 25, 2008 - Following the merge of SAIC and Nanjing Auto last month, Beijing Automotive Industry Holding Co. (BAIC) is reportedly seeking a tie-up with an automaker in China's southeastern province of Fujian, Chinese newspaper Beijing Times said.

BAIC has made a few rounds of negotiations with Fujian-based Soueast Automotive but no details has been revealed, the newspaper said, citing an unnamed company source.

BAIC chairman Xu Heyi confirmed Wednesday that his company plans to merge with another Chinese automaker. He confirmed that a final decision will be reached by the end of this year, but did not elaborate.

Separately, China's third-largest car maker Dongfeng Motor Group Co is in talks to acquire smaller domestic competitor Hafei Automobile Group. Unlike Beijing Auto and Soueast Auto, Dongfeng has already launched a due diligence investigation on the mini-vehicle maker Hafei, according to an anonymous source yesterday.
source: Gasgoo.com
CCF mod is online now   Reply With Quote
Sponsored Links
Advertisement
 
 

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 12:50 PM.



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.