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Old 06-07-2020, 10:32 AM   #11
Join Date: Nov 2019
Posts: 49
Default Re: Volkswagen & JAC EV cooperation (SOL)

I'm a bit confused about VW's Traton. After the dieselgate scandal I think they had the intention of selling the entire business, but they ended up floating about 10% of the company in an IPO, with the provision they could raise the percentage of outstanding share to 25%. Don't know if there was simply no buyer for the entire company at the time or if the strategy has been changed voluntarily.

As a matter of fact Traton owns about 15% of USA's Navistar Corporation and has recently offered to buy all remaining shares. Navistar, a truck builder of course, is active in China through a joint venture with JAC.

Now the limitations on foreign ownership of chinese truck manufacturers end somewhere this year, so I could see VW turn the JAC truck business into a Traton/Navistar operation and the JAC passenger car business into 'VW China' in a few years time.
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Old 07-06-2020, 09:55 AM   #12
Join Date: Nov 2013
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Default VW & JAC major announcements

Originally Posted by dmitra View Post
Jianghuai Automobile Group Holdings is the parent of Anhui Jianghuai Automobile Group Corp., Ltd. (i.e. JAC Motors, the manufacturer). JAC Motors, listed on the Shanghai Stock Exchange, is widely held, in which Jianghuai Automobile Group Holdings owns a 25.23% stake.
Anhui Jianghuai Automobile Group Holdings Ltd. has transferred 8.08% of its shares in JAC Motors to Anhui Province State-owned Capital Operation Holdings Group Co., Ltd. (site), reducing its own stake to 17.15%.
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